The Sydney city-fringe Duck inn of Chippendale is for sale as a blank canvas, with gastro reputation, in an area renowned for dining options.
An attractive wedge-shaped two storey building on a 392sqm corner of Rose Street and Cleveland Lane, the locals pub is in close proximity to both Sydney Uni and UTS.
It boasts no EGMs, but a commercial kitchen and polished foodservice, and a spacious, popular outdoor area.
Upstairs are seven pub-style accommodation rooms, accessed by a separate entrance.
As an entry level operation, it provides single bar operation and great potential, particularly through the outdoor area. Being city-fringe this is bolstered by excellent underlying land and building value.
Mid-2017 it was bought by passive investors, managed by Steven Quong and retaining Newtown operator Adam Kilkeary to continue to revive the Duck’s business and gastro appeal.
The sale price in 2017 was $4 million, but is likely to be closer to $6 million in the current market.
“The Duck is only three kilometres from the centre of the Sydney CBD, with an excellent surrounding demographic,” offers HTL Property’s Blake Edwards, marketing the pub with colleague Sam Handy.
The freehold going concern of the Duck Inn is being sold via Expressions of Interest, closing Wednesday, 9 March.
