The award-winning Royal Albert Hotel in Sydney’s Surry Hills is on the market. The pub won the 2018 Australian Liquor Industry Award for Best Beer Venue and last year was named Beer & Brewer‘s Best Beer Venue in Australia.
After purchasing the 100-year-old pub on Commonwealth St a little over 10 years ago with a consortium of owners the Royal Albert’s licensee and co-owner Mick Bain said in a statement shared with The Shout‘s sister title Beer & Brewer: “We had an amazing offer to team up with the landlord for sale and the market is white hot with no stock. We are not testing the market – we are definitely on the market”.
If it sells, Mick said he “hope(s) the Albert stays indie focused” in reference to the pub being known for specialising in independent Australian craft beer.
HTL Property is managing the Royal Albert’s sale as a freehold going concern, through an expression of interest campaign which closes on April 13, 2022.
In a statement HTL said the two-storey hotel that occupies 211 square metres is strategically positioned between both the Campbell Street and Foveaux Street dining precincts and includes culinary neighbours such as Fire Door, Chin Chin, Nomad and Poly restaurants.
It added the business currently generates approximate revenues of $1,500,000 per annum, and features a midnight liquor licence with 12 poker machines attached. In its property listing, HTL also said passive income can be derived from seven first floor commercial offices.
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