The oldest pub in one of Australia s earliest suburbs is set to be turned into a retail store and office space after new owners couldn t find anyone to operate the venue.
Pub broker Andrew Jolliffe says the flurry of January deals points to another busy year for the sector after $2.2 billion of these assets were sold in 2022.
Restaurateur Brody Peterson will lease the Riley St Garage site as boutique office space, and his Parlour Group has also sold The Village Inn in Paddington.
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After a very active campaign, the Hollywood Hotel in Sydney’s Surry Hills has been sold to a local operator for a price in the vicinity of $10 million.