By Clyde Mooney

Receivers have not yet been called into Sydney live music icon, the Annandale Hotel, despite media reports to the contrary. 

Adam Spencer-Carr of real estate brokers SCProperty, who ran a previous sale campaign for the pub, told TheShout that reports claiming it had entered receivership were inaccurate.

He believes the owners, Matthew and Daniel Rule, have in fact informed the banks their trading situation is problematic and they are looking for a solution. 

"The owners are working with the bank to try to maintain continuity of trade. I suspect there will be more information and news in the very near future," said Spencer-Carr. 

The hotel has suffered a string of setbacks, most prominently a battle with local residents and Leichhardt council over late-night trading and noise, which cost the pub $250,000 in legal costs and almost sent the Rule brothers broke. 

Its ‘Buy-A-Brick’ program in late 2011 raised $50,000 but hasn’t been enough to ensure the future of the 1930s hotel. 

Leichhardt’s Mayor, Cr Darcy Byrne, has come out against the closure speculation, vowing to work with creditors to keep the hotel open and begin plans to transform the Parramatta Road strip into a mecca for live music.

The Shout Team

The leading online news service for Australia's beer, wine, spirits and hospitality industries.

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