The Hughenden hotel in Woollahra has been sold having been listed in May with expectations of $20 million plus.
The buyer has not been disclosed, but the 1356-square-metre site was likely acquired by a developer. No sale price was offered on realcommercial.com.au for The Hugheden which was built in 1870 as a grand Victorian residence for Dr Frederick Harrison Quaife, president of the British Medical Society who brought the first X-ray machine to the colony.
It later served as a Masonic Hall, nurses home, dance hall and ladies college before falling into disrepair in the early 1990s.
The 32-room hotel was offered by the children's author Susanne Gervay who commissioned agents Lincoln Blackledge and Philip Gartland of Stonebridge Property Group to sell the Queen Street property.