Australia's only live theatre pub for sale

The Old Fitzroy in Woolloomooloo has come up for sale with the owner operator having responded to renewed investor confidence in the inner Sydney market.  

The hotel is located in one of the country’s most densely populated areas and boasts bricks made by early settlers. 

It is home to Australia’s only live pub theatre and was the 2012 winner of Time Out magazine’s ‘Pub of the Year’. 

Managing the expressions of interest campaign, CBRE’s Daniel Dragicevich told TheShoutthe historic venue should attract a variety of interested parties. 

“We see it appealing to a wide range of purchasers – owner/operators, small groups or even commercial developers.”

                                                 The Old Fitzroy

With parts of the four levels virtually unused and graced with harbour views, Dragicevich says there is “definite potential for adding value and profitability through a renovation”. 

“The area has undergone rapid gentrification, creating significant potential in and around the site,” said Dragicevich. 

The hotel was originally named the Fitzroy Hotel before a stint as The Revolving Battery during the 1980s. 

Another change of ownership saw it return to its first moniker, but loyal locals affectionately referred to it as “the old Fitzroy” – prompting an official name change to what it is today. 

Source: The Shout 5 March 2014