Town Hall Hotel, Balmain sold for $7 million

Town Hall Hotel, Balmain sold for $7 million
Town Hall Hotel, Balmain sold for $7 million

Balmain’s renowned Town Hall Hotel is the latest asset to test the strength of Sydney’s hotel market, with the prominent venue snapped up for $7 million.

The Balmain Pub Group secured the Balmain landmark, which was established in 1879.

Set on the corner of Montague and Darling streets on a prominent 445sqm site, the two-level hotel features a ground floor bar, bottle shop and upstairs dining area with second bar, as well as a seated balcony overlooking Darling Street.

CBRE Hotels’ National Director, Daniel Dragicevich negotiated the freehold sale of the prominent inner-western Sydney venue in conjunction with Knight Frank on behalf of brothers, David and Phillipe Du Maurier.

“This transaction also highlights the depth of buyers currently active in the sub-$10 million metropolitan hotel market, reinforcing that market buoyancy is not just limited to the top end of town," he said.

The sale takes Balmain Pub Group’s stable of assets to five, following their acquisition of the Greenwood Hotel in North Sydney last year. 

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Balmain Commercial Sale

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