Developments

Corner CBD hotel up for sale

Sydney’s 18th century iconic and centrally located CBD Republic Hotel is on the market with leading Ray White Hotels broker Andrew Jolliffe.

The Republic Hotel, currently owned and operated by the Ryan family was fully refurbished in 2002 and Mr Jolliffe says the sale of The Republic Hotel is the first time in many years a freehold hotel of such quality has been brought to the market.

“The Republic Hotel is a rare commercial property, positioned on a prominent CBD corner. It offers high gross profit revenue and in addition to multiple bars and a state of the art restaurant facility, the four level, 24 hour hotel also provides a foot way licence upon which its clientele can comfortably drink and smoke in an al fresco environment.” said Mr Jolliffe.

The Republic Hotel includes the sale of 18 highly poker machines and associated licences.

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