[single_post_meta]

Share this

[monarch_inline_shortcode]

Send via Email

[share_mailto]

World Bar and Candys Apartment sold

by Stefanie Collins

According to The Financial Review, the Potts Point heritage terraces that house the World Bar and Candys Apartment clubs have been purchased for about $12 million.

The newspaper is reporting that a consortium including Eagle Property Group and hotel entrepreneur Paul Fischmann has bought the four heritage terraces built in the late 1880s.

Located on Bayswater Road, the properties are smack in the middle of an area of Sydney that is set to undergo a huge transformation in the wake of the Lock Out laws. Unlike Hugo’s – which was located opposite the terraces – the two nightclubs have been continuing to service revellers, despite the downturn in trade and attempts to gentrify the suburb of Kings Cross.

The Fin is reporting that the consortium has specified that there are currently no development plans, though that will no doubt change. However, the existing tenants have long leases remaining in the short term so it will be a while before any future development plans are revealed.

 

Leave a comment

Spirits & Distilling

Subscribe to our Newsletter

Join the thousands of bar professionals who stay in-the-know with the Bars & Cocktails newsletter

What's Hot

Taste the Legend with Theakston

Across the range of Theakston Ales, you will find a beer that fits your customer base — on tap, in bottle, or in can.  From the dry and refreshing Best Bitter to the hoppy Peculier IPA and Pale, to the exceptional XB Ruby Ale,and finally to the rich...

You may also like