Andrew Lazarus buys another Sydney growth corridor pub
Andrew Lazarus has bought another Sydney growth corridor pub from a long-time owner-operator, this time outlaying a speculated $25 million.
The Horsley Park Tavern at 1 Horsley Road, the first pub west of the M7 toward the new Western Sydney Airport, was offered late last year by the Lubec family.
Patriarch Valentine, who died in mid-2024, with wife, Karen, built the large format style hotel in 1980.
The 1.05 hectare block at the south east corner of The Horsley Drive, was farmland.
Horsley Park is about 44 kilometres from Sydney’s CBD.
Horsley Park Tavern
Within the Fairfield local government area – the state’s strongest performing for gaming with all venues ranked in the top 200 according to Liquor & Gaming NSW – the unrenovated Horsley Park Tavern contains 15 electronic gambling machines.
There is also a bar with beer garden, bistro, drive through bottle shop and large car park.
About half the block is developable; the property sits at the edge of a retail strip (continues below).
The result for the freehold going concern was against c$20m price hopes.
HTL Property’s Dan Dragicevich and Andrew Jolliffe were the agents.
The property will be revamped.
The deal comes four and a half years since we reported Mr Lazarus outlaid $70m for the Vineyard Hotel.
That seller was the owner operator of 42 years, the Stanford family.
In 2022 Mr Lazarus acquired the Rydalmere Tavern, near Parramatta, for a speculated $34.5m.
Also that year the publican sold the Art Deco Merewether Beach Hotel near Newcastle to a Glenn Piper managed syndicate.
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