Sydney Venue For Sale

One of Sydney’s best-known live music venues, The Annandale Hotel, is for sale.

Owners Matt and Daniel Rule initially want to find someone who will continue to book live bands, as they did after they took over 10 years ago.

Aside from hosting 25 gigs per month, the brothers also expanded its Pub Cha restaurant division.

Property prices in the inner city area are escalating, so “We’re offering investors the chance to get in at the grassroots,” Matt Rule said.

The Rules first mooted bringing in an investor to fund renovations to double the venue’s capacity six months ago, citing banks’ reluctance to lend to pub owners.

If no investor is found by June, the Annandale will be sold.