Darlinghurst craft beer pub The Local Taphouse sold
An iconic craft beer pub in Sydney’s Darlinghurst has changed hands for an undisclosed sum.
The Local Taphouse is located at 122 Flinders Street and is a pioneer in the Sydney beer market.
The pub has been bought by brothers Josh and James Thorpe from craft beer aficionados Guy Greenstone and Steve Jeffares, according to hospitality news website The Shout.
The Local Taphouse is the first pub purchase for the brothers, who have worked in a variety of venues all over Sydney, including Newtown Hotel, The Arthouse Hotel in the CBD, and Gilroys Hotel in North Sydney, said The Shout.
The three-level hotel has a brand new 20-year lease, including options, along with $54,000 per week in weekly revenue.
It has won numerous awards from publications such as Time Out for its impressive craft beer selection, numbering more than 200.
The pub's elder sister is on Carlisle Street, St Kilda East.
Featuring several bar areas, kitchen and a rooftop terrace, the property is also centrally located to Oxford Street, the CBD and the Sydney Sports Grounds.
Prior to the current sale, the pub sold for $2.55 million in 2010, RP Data shows.
The sale was negotiated by Ray White agents Blake Edwards and Xavier Plunkett.
