One of NSW's oldest pubs in Picton changes hands

A historic pub in Macarthur region’s Picton on the south-western edge of Sydney, has sold for an undisclosed sum through Ray White Hotels.

The George IV Inn was scheduled for auction on May 31.

The 174 Argyle Street property is one of the oldest pubs in NSW, built by convict labour in 1835. It is one of the only two pubs in town.

It last changed hands for $1.2 million in 2011, according to RP Data.

It was recently damaged by floods and needs repairs, according to its description by selling agency Ray White Hotels.

The freehold property has multiple bars, micro-brewing facilities, kitchen, function space, gaming room & nine PMEs.

It has a land area of 7,174 sqm with ample parking & enormous upside

Blake Edwards and Tony Braham of Ray White Hotels were the selling agents.