The Oaks Hotel in Neutral Bay sold to mystery buyer
A mystery private “high-net-worth” buyer is said to have laid down up to $150 million at the bar to buy the iconic The Oaks Hotel on Sydney’s lower north shore.
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A mystery private “high-net-worth” buyer is said to have laid down up to $150 million at the bar to buy the iconic The Oaks Hotel on Sydney’s lower north shore.
The “six o’clock swill” is one of the best known terms in Australian history. It captures the unedifying drinking habits of a 50-year period from the first world war until the 1960s, when hotel bars closed at 6pm in the south-eastern states of Australia.
As the sector evolves, many of the country’s multi-generational family owners are taking the opportunity to sell out.
The Oaks Hotel has hit the market for $175 million as the latest big ticket offering in the booming pub sector. But is it really worth that much?
Sydney's iconic The Oaks Hotel is up for sale for a record-breaking $175 million, the highest price tag ever for an Australian pub.