Ex-rugby player shares in $10m pub spoil

Bryan Fletcher retired from professional sport in 2007.

Co-host of SEN Sydney’s Drive show, former rugby player, Bryan Fletcher, is part of a syndicate banking c$10 million from the sale of a Surry Hills pub.

The freehold going concern for the Royal Albert at 140 Commonwealth Street has sold after over a decade, to Marcello Colosimo’s Momento Hospitality.

The hotel generates annual revenue in excess of $1.5 million from food and drink and gaming.

With 12 electronic gambling machines, a midnight liquor licence and generating annual revenue of more than $1.5m, the double storey property occupies a 210 square metre B4 Mixed Use zoned site.

“It’s been a great journey with that little pub,” the sportsman said, adding that the consortium owners will tip proceeds in similar initiatives.

HTL Property marketing agents Sam Handy and Blake Edwards said developers, hoteliers, investors and restaurateurs looked in (story continues below).

Mr Fletcher retired in 2007 after 180 games, split between the Sydney Roosters and South Sydney Rabbitohs.

The Royal Albert sale comes a week since Momento paid former Wallaby Bill Young, and family, $11m for the freehold going concern of Glebe’s Friend in Hand.

That seller also offloaded Albury’s Northside Hotel for $16.2m last December.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.