Being marketed as ‘An Iconic CBD Freehold Opportunity’, the Republic Hotel in the Sydney CBD at 69-73 Pitt Street has been placed on the market by Nick Lower and Nick Butler of Savills and Ben McDonald and James Barber of JLL.
The four-storey Republic Hotel, formerly Consolidated House and before that the Exchange Hotel, was built in 1882. It has been refurbished numerous times over the years with the most recent one being undertaken in 2016. That refurbishment included the creation of a roof top bar and a renovation of all levels. The hotel has a net lettable area of 753 sqm. It has a 5AM trading licence and 28 gaming entitlements. It is ideally located in the core of the CBD, in the centre of the financial district.
The hotel last changed hands in 2017 at an undisclosed price and with the sale involving a leaseback deal with the vendor family.
CoreLogic Australia