The dynamic Good Beer Company has listed its Surry Hills rocket, the Dove & Olive, ahead of “redefining” its large-format DOG.

After developing the Surry Hills pub it purchased mid-2012 into one of Sydney’s most awarded and thriving food & bev destinations, the Good Beer Company (GBC) is divesting the freehold going concern to free up capital for the transformation of its recently-acquired DOG Hotel (formerly Duke Of Gloucester), in Randwick.

The Dove & Olive is located on a prominent corner in Surry Hills – the preeminent food & bev precinct in Sydney – and GBC has built it into a craft beer destination, with two-dozen rotating taps and a never-ending procession of events, such as the regular Craft Beer Fight Club nights.Fight Club logo_small

GBC managing director John Azar told PubTIC the DOG will similarly see an “impressive new offering” incorporating many of the successes of the Dove & Olive, and sister venue the Keg & Brew.

“We are building three state-of-the-art kitchens,” said Azar. “We have a magnificent new bistro restaurant that will open its doors in early September.

“We are also in the process of building a courtyard café, as well installing an unprecedented 59 beer taps. We are redefining this pub. The DOG Hotel will be a new destination for the Eastern Suburbs.”

The city-fringe Dove & Olive is a pocket dynamo, consistently generating over $100,000 in weekly revenues across food, bars and 12 EGMs, and likely to benefit greatly from the Sydney Metro light rail currently under construction that will post a station metres from the hotel.

“The Dove is unique in that it will easily deliver astute purchasers a 10 per cent plus yield at purchase … a rarity in the food and beverage-centric hotel space, with almost no risk and on a big revenue base,” offered JLL national director John Musca, who has been appointed to market the hotel.

“So it’s really a big hotel opportunity on a manageable footprint.

Recent sales of other Surry Hills properties, including Ray Reilly’s Trinity Bar to Peter Calligeros, could see the D&O achieve around $14 million for the vendors.

The Dove sale is being conducted via an Expressions of Interest campaign, closing Thursday 26 August, 2016.

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