4 IN HAND FOR SALE AS MARKET SOARS

In On the Market by Clyde Mooney

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Sydney’s famous gastro pub the Four In Hand is up for sale, as the owners are tempted by the booming market.

The freehold going concern of the Paddington landmark is on the market for the first time in over a quarter century, with private owners including industry veteran Joe Saleh looking to other opportunities.

Achieving the status of Two Hats awarded to only one other pub in Australia, and just a handful of Sydney restaurants, the pub’s gourmet menu has been steered in recent years by Colin Fassnidge, who has become increasingly involved with foodie TV such as Masterchef.

The pub recently underwent a $1.5 million facelift, and enjoys strong ongoing trade through both its gastro-style pub and restaurant menu, and soft spot with locals.

‘The 4’ comes to market through Ray White, as Asia-Pacific director Andrew Jolliffe continues his sweep of Eastern Suburbs hotels that in just the past few months has included the sale of the Woolloomooloo Bay Hotel to the Laundys, and the Light Brigade to the Bayfields.

Also, the Waugh family’s Public House Management Group bought Paddington’s Royal Hotel in July, and have just signed for sister gastro pub to the Four In Hand, the Ryan Family’s Woollahra Hotel.

“It has certainly been a strong period in the market for us and our valued clients, and it looks to us like the market indicators are only strengthening,” said Jolliffe.

“Melbourne has a number of these great food and beverage icons like the Four in Hand, however, unfortunately they are few and far between in Sydney.”

PubTIC contacted the venerable Joe Saleh, but was unable to get a response prior to this publication.

The Four In Hand Hotel is being marketed through an EOI campaign concluding 5 November, 2015.

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