Gazebo Wine Bar & Dining at Kings Cross listed

Gazebo Wine Bar & Dining at Kings Cross listed
Gazebo Wine Bar & Dining at Kings Cross listed

The popular Kings Cross watering hole Gazebo Wine Bar & Dining has been listed for sale

One of Sydney's original wine bars, Gazebo sits on the fringe of Elizabeth Bay and Potts Point at 2 Elizabeth Bay Road.

Its name derived from the Gazebo Hotel, which opened its doors in the late 1960s. Back then the ground level bar was named Pavilion.

The hotel closed in the 1990s and was sold off as residential apartments in 2005 after a four year conversion of the 18 storey tower nicknamed 'the corncob.

There was an $8 million sale in 2014 when Anthony Frogatt, the vice president of the Brewers for Europe, bought the whole floor apartment of Syd Fischer.

In 2014 The Keystone Group, the former hospitality giant who went in to receivership two years later, bought the bar.

Gazebo Wine Bar & Dining at Kings Cross listed

In the 2015/16 financial year, the venue was taking income of over $2 million a year.

The Keystone Group had to offload 17 venues, including the likes of Bungalow 8 and Cargo Bar, citing the lock out laws as partly to blame for their demise.

Gazebo was picked up by Sydney restaurateur Liz Taylor, after a reported $3 million refurb from The Keystone Group over their brief ownership.

Taylor teamed up with seasoned chef Tristian Hope and redesigned the space in 2017.

Knight Frank agents Kate MacDonald and Mike Wheatley are marketing the property.

 

 

 

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

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