Did you know that the iconic Robin Hood Hotel, which has remained in the hands of one family for three generations, is now on the market?
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The hotel, perched in a commanding position overlooking the bustling Charing Cross Intersection serves as the entrance to the highly-desirable Bronte retail precinct and provides a gateway to Sydney’s most affluent neighbourhoods, including Bronte, Clovelly, and Coogee.
Originally built by Tooth & Co in 1938, the venue has long aimed to be the Eastern Suburbs’ finest ‘local,’ offering live entertainment and consistently excellent food and beverage options.
Described in the listing as “One of Sydney’s most treasured suburban hotels underpinned by a high cash flow business woven into the fabric of the local community,” the hotel has become a beloved institution over the years.
The sale process, overseen by leading agency HTL Property, is anticipated to generate significant interest among local and national industry participants who are eagerly seeking to acquire a prestigious hotel landmark.
Situated on a spacious 1757 sqm landholding, the Robin Hood Hotel benefits from favourable zoning and planning guidelines, presenting potential for future mixed-use redevelopment. This aspect adds an enticing prospect for investors looking to maximise the property’s value and capitalise on the area’s thriving commercial and residential market.
Following a thorough and meticulous renovation and refurbishment project worth $8 million, the multi-story hotel has undergone remarkable improvements. It now showcases an expanded trading area, providing a larger footprint for various activities. Moreover, the hotel has significantly increased its capacity to accommodate up to 451 patrons across two levels.
What sets the Robin Hood Hotel apart is its exclusive 3:00 a.m. licence, allowing guests to revel in its unique offerings until the wee hours of the morning. The recent renovation project notably included the activation of Lorraine’s bistro on the first floor, which also holds a distinctive approval for extended trading hours.
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With its prime location, remarkable renovation, and established reputation as a local favourite, the hotel promises to be a lucrative and sought-after acquisition in the thriving Sydney hospitality landscape.
Published 6-June-2023
