Market Expected Not to Dilly-Dally When Considering the Billy Barry

The leasehold interest in Billy Barry’s Hotel, situated within the North Sydney CBD has been listed for sale via leading national pub brokerage HTL Property.

HTL Property Directors Blake Edwards and Sam Handy have been exclusively appointed to market the Billy Barry’s lease, which is expected to draw significant interest from a number of buyer segments in the market – namely those seeking a gaming centric leasehold with its value almost entirely underwritten by ownership of both the liquor licence and twenty-seven very valuable gaming machine entitlements.

The Billy Barry’s business generates ~$7,000,000* in annual revenues across bar, gaming and bistro which equates to an impressive $134,000* (ex GST) per week with approximately 55% of this business mix delivered by the high performing gaming component.

The hugely profitable hotel features a 2am liquor licence with 27 x very valuable gaming machines attached. The hotel enjoys an average ILGA ranking of #304 over the last 12 months, and is consistently the 3rd highest ranked pub within the North Sydney LGA;  behind the much-fancied Oaks Hotel and Crows Nest Hotel.

There are approximately 12.5 years remaining on the Billy Barry’s leasehold, with a current rent of $507,000* (ex GST) per annum; and is considered to be one of the strongest businesses within the North Sydney CBD on a ‘pound for pound’ basis.

Mr Edwards advised that the tenants own the liquor licence and 27 attached gaming machines, which he suggests will underwrite the transaction given the held-together hard asset value equating to ~$10,125,000.00

“With the stabilisation and growth in gaming machine entitlement values, coupled with the insatiable demand for these assets from the market, we are seeing prices per machine now fetching $375,000, and which means the Billy Barry’s acquisition will be effectively underwritten by $10.125M in hard asset value; and should therefore give the market enormous confidence in what they are buying” advised Edwards.

‘Historically, gaming machine entitlements are currently at a very low price, and we expect the value of these assets to significantly appreciate over the course of the term of the lease” Edwards added.

The North Sydney CBD is experiencing unprecedented and significant growth, driven by a combination of government investment, planned infrastructure and strong private development interest seeking to accommodate an additional 6,000* residents and 20,000* workers over the next decade.

HTL Property Director Sam Handy noted the strength of the North Sydney CBD as a key selling point for prospective purchasers, and the fact the hotel is situated literally across the road from the North Sydney train station; which is Sydney’s 11th busiest station with 54,000* passenger movements every day.

“The North Sydney CBD is one of city’s largest markets, with more than 150,000* workers and 75,000* residents” offered HTL Property Director, Sam Handy.

“The macro investment fundamentals for an incoming hotelier are incredibly attractive given there are only seven pubs within the CBD serving this already voluminous and growing local population” Handy concluded.

The leasehold interest in the Billy Barry’s Hotel is being sold via an Expression of Interest sale process closing at 4:00pm on Thursday 17th April 2025 (if not sold prior).

End.