Engadine’s only pub sells to developer for $31.5m
The only pub in Engadine – in Sydney’s south west – has sold for $31.5 million, part permit-ready for an apartment redevelopment.
The incoming owner is a Queensland private builder.
Vendor White & Co paid $23m in March, 2018; the 5576 square metre amalgamation with three street frontages had been held by the Liddy family for 39 years.
Three months ago, about half – presently configured as a car park – was offered for sale with plans for 64 dwellings in two complexes, the tallest rising six storeys.
Before Christmas, HTL’s Dan Dragicevich, Andrew Jolliffe and Sam Handy found the buyer for the lot (story continues below).
The hospitality asset includes 26 electronic gambling machines, a TAB and standalone bottle shop.
The site is less than 300 metres to a train station.
Engadine is about 35 kilometres from the city.
The tavern sale comes a fortnight after Arthur Laundy paid $35m for the Bidwill Hotel, on a 4300 sqm site 60km north west of Sydney.
