Entry-level all-rounder Tate’s Hotel on the fringe of the Sydney metro is being sold, offering hands-on opportunity for a range of buyer types.
Established in 1840, on what is the northern end of the Windsor retail and commercial precinct, it was historically known as the Commercial Hotel.
The original pub was demolished in 1938 by Bert Tate and reopened as the Windsor Hotel, but it has long been affectionately known as Tate’s Hotel. Occupying a large 1,538sqm site on George St, Tate’s counts a public bar and large shaded beer garden, bistro, gaming room with 15 machine entitlements, and drive-through bottleshop.
It holds 1:30am late-night trading approval, and the gaming was most recently (Jun-24) ranked #769.
Pub high-flyer Fraser Short teamed up with an unnamed partner to buy Tates in late 2021 at market peak for $8.25 million, from Steven and Lauren Raffen, who had only owned it since 2019.
In 2022 Short began extricating himself from his partnerships, including his other Windsor interest, the Fitzroy Hotel sold to Don Hodge Group, and eventually including the flagship venues held in conjunction with the Laundys through Sydney Collective.
Sydney businessman Howard Blend is the partner understood to have taken over Short’s share of Tate’s. The sale is expected to attract interest from a broad range of hoteliers, likely including regional operators seeking a foothold in the metropolitan area.
“Tates Hotel represents a high-quality entry-level acquisition opportunity, and will subsequently be very attractive to a number of buyer segments,” responded HTL Property’s Blake Edwards, marketing the pub with colleague Sam Handy.
The freehold going concern is expected to attract offers north of $7 million, in a precinct already occupied by the likes of Dan O’Hara, Tilley & Wills, Ashton Waugh, Warren Livingstone, Peter Wynne and the Laundys.
Having transacted this previously, to Short, along with a collection of freeholds in the Hawkesbury LGA, seen in Peter DeAngelis selling Bligh Park Tavern late 2020, Tilley & Wills buying the Richmond Inn Hotel mid-2021 and the Vineyard Hotel bought for $70 million late 2021, the agents lay claim to “an active relationship with the market in this area”.
Expressions of Interest on Tate’s close Wednesday, 6 November.
