Landmark North Sydney CBD Leasehold Hotel Sold by HTL Property

Leading national brokerage agency HTL Property is pleased to announce the successful sale of the highly desirable leasehold interest in Billy Barry’s Hotel, strategically located in the rejuvenated and now bustling North Sydney CBD.

The successful sale of the popular watering hole was exclusively managed by HTL Property Directors, Blake Edwards and Sam Handy; who conducted a competitive sale process that ultimately concluded immediately at the conclusion of the formal Expression of Interest campaign deadline.

“This is an irreplaceable leasehold opportunity, and the asset was rightly matched with significant market interest” advised HTL Property Director, Blake Edwards.

“Fundamentally, it was the ownership of both the liquor licence and all 27 gaming machine entitlements that underwrote the strength of this offering” added Edwards.

The business generates approximately $7,000,000 in diversified annual revenues, and enjoys an average ILGA gaming ranking of #304 over the past 12 months – making it consistently the third highest performing venue within the North Sydney LGA.

Significantly, the asset includes a 2am liquor licence and 27 high-value gaming machine entitlements owned by the tenant—attributes which significantly enhance the in-situ value of the hard assets owned by the business.

“This transaction was effectively underpinned by the intrinsic value of the gaming and liquor entitlements. In that sense, the buyer has secured not just a strong business, but a rare collection of appreciating hard assets” Edwards added.

HTL Property Director Sam Handy highlighted the strength of the North Sydney market as a contributing factor to the result.

“With more than $10 billion in public and private investment across the North Sydney precinct – including the newly opened Victoria Cross Metro Station and landmark developments such as the Victoria Cross Tower; it’s a location experiencing unprecedented demand from both commercial tenants and hospitality operators alike” said Handy.

Billy Barry’s Hotel enjoys a prime corner position directly opposite North Sydney train station, which services more than 54,000 passenger movements per day.

“This is a rare pound-for-pound performer, offering not just trading strength but a strategic location within Sydney’s second CBD. The buyer has secured a genuine blue-chip hospitality asset” Handy concluded.

The successful sale of Billy Barry’s Hotel follows a string of recent high-profile leasehold and freehold transactions managed by HTL Property across metropolitan Sydney.

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