Hobart’s T42 bar sells in ‘thriving market’
The Tavern 42 Degrees South on Hobart’s waterfront has been sold for the first time in its 22-year history.
Selling for an undisclosed figure, the bar has now been leased for two years to the Pub Banc Group Pty Ltd, which operates venues including Post Street Social, Observatory nightclub, Cargo Bar, Jack Greene and the Telegraph Hotel.
The new operators have installed new front of house staff but kept the same kitchen staff.
Selling agent John Blacklow said the Hobart market is thriving.
“There’s a lot of people looking from interstate and overseas,” he told The Mercury.
Gordon Allen, the former chairman of T42 Pty Ltd, said the board were grateful to the Hobart public “for being loyal supporters for 22 years”.
“It’s rare for a hospitality business to last so long and we feel proud to have employed so many in the industry and students over the years with casual and permanent jobs,” he told The Mercury.
“All the best to the new operators.”
Sheridan Randall, 6th November 2019
