Iconic Eastern Suburbs Pub for Sale by HTL Property

Sydney’s Eastern Suburb’s famed Robin Hood Hotel comes to market via leading national hospitality brokerage agency HTL Property, after three generations of family ownership.

Leading national pub brokerage firm HTL Property has been exclusively appointed to sell the hotel and surrounding development site, with Andrew Jolliffe, Dan Dragicevich and Sam Handy overseeing the sale process which is expected to garner both local and national interest from industry players keen to acquire both a prestigious and hugely profitable hotel icon.

Originally built by Tooth & Co in 1938, the stately multi-story hotel recently underwent an extensive and meticulous $8 million renovation and refurbishment; and now provides for a much larger trading footprint and patron capacity (451) across two levels and a unique 3am license.

This renovation included the first-floor activation of Lorraine’s bistro, which is uniquely approved for extended trading hours and was recently awarded an Australian Good Food Guide Chefs Hat.

‘The Robin Hood Hotel presents as an expansive mixed-use hospitality asset with upside development potential (STCA) enmeshed into the fabric of the local community over decades of loyal patronage’ suggested HTL Managing Director, Andrew Jolliffe

‘As such, the decision to sell provides an undeniable opportunity for the successful purchaser to join an elite class of Eastern Suburbs hotels ownership’ Jolliffe added.

The Robin Hood hotel occupies a commanding position overlooking the Charing Cross Intersection, which acts as the gateway to both the Bronte retail precinct, along with some of Sydney’s most affluent suburbs and pristine beaches namely Bronte, Clovelly and Coogee.

“Eastern Suburbs pubs are notoriously tightly held, as evidenced by 44 years of continued tenure by the current owners, hence our expectation is that the market will gravitate towards the already substantial cashflows the business is generating; and the underwritten value of the commercial land holding being offered over multiple titles” stated HTL Property Director, Dan Dragicevich.

“The impeccable capital works program very recently undertaken and the ability to further activate the site and scale the already impressive operations, render this as a truly once in a generation acquisition opportunity” added Dragicevich. The offering includes a prominent 1,757* sqm landholding with favourable zoning and planning guidelines, providing future mixed-use redevelopment potential (STCA).

“This strategic site is considered to be a critical part of a proposed Masterplan concept to reactivate and revitalise the northern end of the Charing Cross precinct, by providing an open square, laneway activation with improved public access” noted HTL Director Sam Handy.

“The prime landholding future proofs the asset and clearly provides the incoming purchaser a variety of redevelopment options, and a uniquely high floor asset value” Handy concluded. With a diverse mixture of substantial cashflows, tangible upside and a valuable underlying landholding, the class-leading Robin Hood Hotel precinct is expected to generate interest in excess of $60 million; with the sale representing the first significant Eastern Suburbs hotel publicly offered to the market over the last five years.

HTL Property is the exclusive agency managing the sale of the Robin Hood Hotel via an Expression of Interest campaign concluding 5pm Wednesday 3 May 2023.

Specialist agency HTL Property has been responsible for the sale of the following Eastern Suburbs Hotels – The Tea Gardens Hotel (Bondi Junction), The Hotel Centennial (Woollahra), The Woollahra Hotel, The Four in Hand (Woollahra), The Bellevue Hotel (Woollahra), The Light Brigade (Paddington), The Charing Cross Hotel (Waverley), The Golden Sheaf Hotel (Double Bay), The Clovelly Hotel, The Mill Hotel (Bondi Junction), The Royal Hotel (Paddington) and The Duke of Gloucester (Randwick).

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