CITY-FRINGE CHIPPO HOTEL HITS THE MARKET

In On the Market by Clyde Mooney

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The ‘Heart of Chippendale’ is open to suitors, as Brett Strauss leaves his American-style pub on the fringe of Sydney’s CBD.

The Chippendale Hotel, aka The Chippo, is a three-storey Victorian pub near Central station, in one of Australia’s oldest working-class suburbs.

The bar, bistro and beer garden have been themed as an American burger bar, sporting short-order meals, American-style BBQ, and a thriving instalment of the trendy Cheekyburger.

It also has a separated gaming room, and a custom-built underground live music room, playing host to a regular roster of music events and promoter parties.

As Strauss heads to an opportunity in the south, he says he’s proud of the place he’s created around the hotel’s motto of the Heart of Chippendale.

Brett Strauss

“I have invested a lot into this business over the years, transforming it from a rundown suburban pub into an integral part of the cultural and entertainment fabric of Chippendale.

“I would hope to see that a new owner would view the Hotel that way too.”

The leasehold interest of The Chippo is being marketed by Ray White Hotels’ Xavier Plunkett and Blake Edwards, who are also marketing the leasehold of nearby Darlinghurst’s Local Taphouse, and note the area’s potential.

“The city-fringe property benefits from its close proximity to the combined student base of 91,000 at Sydney University and UTS, as well as the $2 billion development undertaken at the nearby Central Park by Frasers Property Australia and Sekisui House,” reports Plunkett.

Ray White has transacted a number of leaseholds in recent months, including the (Lady) Hampshire Hotel and Petersham Inn in late 2016, and lightning-fast sale of Haritos’ Verandah Hotel in a week, last week.

The Chippendale Hotel’s Cheekyburger

Sale of The Chippo is by Private Treaty.