Want to buy a pub? North Sydney watering hole Billy Barry’s is on the market.

By ANNA USHER

Publican Kieran Barry is selling the leasehold of his popular North Sydney watering hole Billy Barry’s, offering “hard asset” value to a new owner.

Formerly known as the Station Hotel, the pub is expected to draw significant interest thanks to its 27 gaming machines and 2am liquor licence.

HTL Property Directors Blake Edwards and Sam Handy are handling the sale.

“We are seeing prices [per machine] now fetching $375,000,  which means the Billy Barry’s acquisition will be effectively underwritten by $10.125 million in hard asset value,” Mr Edwards said.

“This should give the market enormous confidence in what they are buying.”

The Billy Barry’s business generates $7 million in annual revenues across bar, gaming and bistro, and it is the third highest-ranking pub in the LGA, behind The Oaks and Crows Nest Hotel.

Approximately 12.5 years are remaining on the Billy Barry’s leasehold, Edwards said, with a current rent of $507,000 (ex-GST) per annum.

North Sydney’s CBD has recently seen significant growth, driven by several factors including the Metro opening, planned infrastructure and strong private development to service 20,000 additional workers in the next 10 years.

“The macro investment fundamentals for an incoming hotelier are incredibly attractive, given there are only seven pubs within the CBD serving this already voluminous and growing local population”, added co-listing agent Sam Hardy.

The leasehold interest in the Billy Barry’s Hotel is being sold via an Expression of Interest sale process closing at 4:00 pm on Thursday 17th April 2025 (if not sold prior).