Enmore’s Sly Fox Hotel leasehold has sold to local publican Ged Dore for $10.75 million.
The triple storey property at 199 Enmore Road will reopen as a community focused enterprise, according to various reports.
The last operators closed the venue in January following a four year dispute with NSW Licensing authorities related to its 24-hour trading agreement.
Specifically, owners prior to them were in 1998 granted a one-year trial which continued despite not being properly renewed.
The administrative error was picked up when controversial (and now repealed) lockout laws were being introduced across Sydney.
Initially upon discovering it, Inner West Council allowed the pub to close at 3am, but this was late last year amended to midnight – considered unworkable.
For two decades prior to closing its doors in January, the former gay bar at the north west corner of Cambridge Street had a reputation as a 24 hour dance venue and hosted international DJs.
As well as the hotel component, the business derives income from 15 poker machines.
The property is also designed with 13 motel suites (story continues below).
Off-market deal met the brief: agents
HTL Property – a Sydney based broker dealing within the hotel/tourist accommodation sector – sourced Mr Dore following an off-market campaign.
The pub was offered by investor and Arq nightclub owner Shadd Danesi.
“Our vendor’s brief was to secure him a quality tenant which would be able to build a sustainable business model in concert with both the local community and the framework required by council,” agent Sam Handy, who marketed the property with colleague Dan Dragicevich, said.
“Given Ged’s experience with community-based hospitality activations, we feel satisfied that we’ve delivered”.
Some of the publican’s former venues include Manly’s Hotel Steyne and Bondi’s Beach Road Hotel.
Enmore is about six kilometres south west of the CBD.
Elsewhere around this part of the city, Mr Danesi has recently offloaded Erskineville’s Imperial Hotel – where parts of 1994 movie The Adventures of Priscilla, Queen of the Desert, were filmed and Mr Mary’s in Redfern. In Darlinghurst, in Sydney’s inner south, the freehold of 256 Crown St, which he co-owned, traded for $13.75m.