Immaculate inner-city watering hole, the Harold Park Hotel, has been listed for sale with what represents an opportunity to secure a newly refurbished hotel in a high-density residential precinct on the Sydney city  fringe.

Leading National pub brokerage agency, HTL Property, have been exclusively appointed to sell the hotel with agents Dan Dragicevich, Sam Handy, Andrew Jolliffe and Blake Edwards engaged to canvass the  hospitality landscape and find an appropriate suitor; anticipated to be a food and beverage focused  hotelier, restaurateur, bar operator and/or retail food group.

“We’ve been fortunate to sell 26 x inner city fringe pub sales over the last five years, and at the price point expected, few if any have reflected the underwritten value of the Harold Park Hotel” advised HTL Property  Director, Sam Handy.

The hotel sits on an exaggerated 578 sqm* site, nestled into a mixed-use residential development and featuring in excess of a 900 sqm* building across two expansive trading levels and large basement/cellar.

The popular hotel enjoys a midnight liquor licence with 8 x very valuable gaming licenses attached; and it is considered that the underlying value of the combined land, building and gaming machine approvals alone  will underwrite a deal being done.

The hotel is synonymous with Sydney’s equine industry given it is literally across the road from the former Harold Park Paceway site which was formerly home to Sydney’s harness racing industry between 1890  and 2010. The Paceway site was acquired by Mirvac in the early 2000’s and has since undergone an  incredible urban renewal; with the catchment now home to some 1,300 apartments, parklands and the  Tram sheds retail and dining precinct - which sold to mixed-use developer Revelop for $52 million in 2019.

Affectionately now known as The Harold, the hotel is currently owned and operated by the Good Beer  Group who acquired it for $9,200,000 back in May 2022; and with the intention of both amplifying the food  and beverage business and relocating the 8 x gaming machines to one of its two larger format North  Sydney Hotels.

Upon acquisition, the group immediately set about executing a $1,500,000 renovation and refurbishment of the hotel; with the back of house facilities almost as impressive as the front of house, and literally offering a turnkey operation to an incoming hotelier.

The business currently generates ~$3,250,000* in annual revenues across bar, gaming and food and would benefit from a more focused operator prepared to apply the necessary attention it needs in order to  elevate it to its true potential.

“We acquired the Harold Park Hotel some three years ago back in May 2022. We love the business and genuinely believe in its potential but just haven’t had the necessary time or bandwidth to afford it the focus  and attention it so deserves” advised Good Beer Group owner, John Azar

“In fairness, we have acquired and the divested the Commodore Hotel (North Sydney) in this time, plus  acquired the Coronation Hotel (CBD) and the Edinburgh Castle Hotel (CBG); so have had a bit on our  plate” Azar added.

The Harold Park Hotel is being sold exclusively by HTL Property and via an Expression of Interest sale  process closing at 4:00pm on Wednesday 9 April, 2025.