Private property developer Virtical has swooped on the Republic Hotel in Sydney’s city, outlaying $40 million for the four-storey prime corner location.
Private property developer Virtical has swooped on the Republic hotel in Sydney’s city, outlaying $40 million for the four-storey prime corner location, in one the largest pubs deals so far this year.
Well-known pub barons the Ryan family bought the 228 square metre property in 1998 and in 2002 converted it into a pub. There has been about $2.5 billion in pub transactions in the past year, with NSW contributing more than $1.8 billion of this figure.
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