One of Sydney’s leading craft beer venues, the Royal Albert Hotel in Surry Hills, has been put on the market.
Publican Mick Bain, who owns the Albert together with a consortium of backers, told Australian Brews News that now seems like the right time to sell.
“We think the market’s in a good spot. There’s definitely not been a craft beer venue like this offered up – we think it’s a good time to chuck it on the market and see what it’s worth,” he said.
Handling the sale are CBRE Hotels’ Daniel Dragicevich and Ben McDonald, who are expecting significant enquiry given the current strength of the NSW hotel market, and with population density in the pub’s vicinity set to increase.
“With four residential unit projects within 300m of the venue either under construction or due for completion shortly, the biggest issue will be offering new residents a seat at the bar,” McDonald said.
In the meantime it is business as usual, according to Bain, with a huge schedule of events in the pipeline including several as part of Sydney Craft Beer Week in October.