Historic Frisco Hotel in Woolloomooloo up for sale
The Frisco Hotel in Sydney’s Woolloomooloo has been put on the market.
The three-storey hotel was built 1856, and is set on 304sqm. It offers a single-service public bar with a 16-tap font, pavement seating out the front, two TAB stations, and a gaming room offering 17 EGMs in a new full-smoking solution.
The second level features a full commercial kitchen and restaurant seating, a cocktail bar and offices, and is used for corporate lunches and functions for 10 through to 350 people.
The third level contains six recently renovated accommodation suites and a self-contained apartment, in addition to a partially open rooftop.
The heritage-listed pub reports average weekly revenue of more than $66k, with most of that coming from the bar (44 per cent). There is potential revenue upside with the bistro’s takings at just 11 per cent, despite winning the AHA NSW Award in 2017 for Cheap Eats – City.
The private family owners are offering it as a vacant possession through a public campaign with Manenti Quinlan’s Nick Butler, with a possible sale target of around $14 million.
Sheridan Randall, 3rd October 2018
