Back in March, we were given news that The Annandale Hotel, one of Sydney’s iconic music pubs would be up for sale. The owners Matt and Dan Rule spoke to the Daily Telegraph, mentioning that they would be selling the pub after 10 years of involvement as promoters and owners.
Yesterday, the Annandale posted an update on the current situation, stating that the pub was still up for sale, but there has been interest from developers (we hear from up to 4).
“There have been a lot of enquiries recently asking if the hotel has been sold yet. To this, the simple answer is no. That being said there are currently a handful of developers circling, with an eye to turning the site into a combination of retail stores and apartments.”
Speaking to the Annandale yesterday, we were told that the owners would like to hang out for an offer from someone who will keep the pub open for music. Losing all the work the brothers have put in to turning the venue in to one of Sydney’s best known music hubs would be a let down, and a sad outcome.
A deal will be made by the end of August, so lets hope its an outcome that is beneficial for the owners as well as Sydney’s live music scene.
“As of yet no deal has been done. And as it has been made public knowledge this is not the Rule Brothers desired outcome. The Annandale Team is still busily looking into options to avoid this scenario, but a decision will have to be made by mid to late August.”
You can read the full public annoucement on The Annandale’s facebook page.
