Sydney inner-city pub The Redfern Hotel has changed hands in an off-market deal, underscoring the strong ongoing demand for quality Sydney pub assets.
Situated in a prime location on the outskirts of Sydney CBD, the hotel has benefitted from a significant capital works program and continues to deliver strong trading performance. At present, The Redfern comprises a ground floor public bar with dining and gaming, in addition to a first-floor sports bar with an outdoor terrace, additional dining room and kitchen.
The transaction was handled by HTL Property on behalf of established publican Martin Short, whose Welcome Hospitality portfolio includes two additional Sydney pubs, The Royal Oak Hotel in Double Bay and the Gregory Hills Hotel. Welcome Hospitality’s assets extend to regional and coastal areas of NSW, including the Moss Vale Hotel, Moonee Beach Hotel, Sawtell Hotel and Toormina Hotel.
The Redfern was acquired by a local, established private hotelier family, highlighting sustained investor confidence in the city’s pub market, particularly in key metropolitan fringe locations, where population growth and revitalisation projects continue to drive value.
Sam Handy, HTL Property director, described The Redfern as one of the city’s most recognisable venues, with a rich heritage and a strong following, while HTL Property’s national pubs director, Dan Dragicevich commented: “We’re thrilled to have exclusively advised on such a material transaction; and one that highlights the continued depth of buyer demand for top-tier Sydney hospitality assets.”
The sale of The Redfern adds to a strong year of pub transactions in the Sydney CBD and city fringe for HTL Property, says managing director Andrew Jolliffe.
“Our unmatched market share is a direct reflection of the highly valued trust placed in us by vendors and buyers alike; and noting the symbiotic nature of that three-way reconciliation of sorts. In an increasingly complex transactional environment, HTL’s results are a testament to our focus, experience, and frankly, intellectual property reserves.”