Beloved Sydney Haunt The Lansdowne Hotel Is Up for Sale Right Now If You've Got a Spare $25 Million
The Chippendale stalwart is being shopped around with a multimillion-dollar price tag — and it won't necessarily remain a pokie-free live music venue under new owners.
July 18, 2023
It's been a rollercoaster of a decade for one of Sydney's best pubs. After The Lansdowne closed its doors due to the lockout laws, it was revived by the Mary's team in 2017, re-cementing itself as a pillar of Sydney's live music scene. When Mary's stepped away in 2022, it looked like it was set to close again — however, the Oxford Art Factory crew then jumped in. Now, the storied corner hotel is facing more uncertainty, with the property currently up for sale.
If you head over to the HTL Property website, you'll find the Chippendale stalwart listed — and the property management group is expecting interest upwards of $25 million. While its place as a neighbourhood pub and live music hub has persisted through many ownership changes over the years, this latest move could see the building utilised for other operations, with HTL shopping it around on multiple fronts.
The pub's proximity to Central Staton, Central Park and Tech Central have been named as major selling points — as well as its capacity for budget accommodation, 5am liquor license, rooftop beer garden and the possibility of a gaming room being introduced to the venue.
"Whilst institutionally popular as a live entertainment venue, the unmistakable scale of The Lansdowne Hotel lends itself favourably to the further and regular activation of multiple other levels," said HTL Property's Sam Handy.
"The size of the site, in combination with the floorplates of the building and the planning approvals, mean that The Lansdowne Hotel presents with some very obvious alternative-use options," added IB Property's Steffan Ippolito.
Concrete Playground reached out to the Oxford Art Factory team but they did not reply in time for publication. Expressions of Interest for the Sydney institution are scheduled to close at 4pm on Wednesday, August 16.
The Lansdowne Hotel recently reopened its rooftop bar and unveiled a new NYC-inspired menu filled with loaded deli sandwiches, and continues to host live music almost every night of the week. There are six different gigs you can catch across its two different spaces before the end of this week, including its weekly late-night music program Graveyard Shift; Splendour in the Grass sideshows from Kaycyy and Royal Otis; and a free showcase on Thursday night featuring fast-rising Irish rapper Kojaque, plus local talents Kavi and Glass Boys.
You can find more information on The Lansdowne's sale at the HTL Property website.
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