Sydney’s Sando To Go Under The Hammer
News posted Wednesday, November 2 2011 at 05:00 PM.
Related: Sandringham Hotel, Sando.
The licensee of Newtown’s Sandringham Hotel says there’s a “possibility” the venue may be redeveloped when it goes under the hammer later this month.
Tony Townsend – who brought live music back to the Sando in 2005 – said that while a lease agreement with the current owner is still in place, plans to sell the venue may spell the end of gigs at the 126-year-old venue.
“Most hotels and businesses operate in leased premises – this is not uncommon,” Townsend, a longtime music industry promoter, manager and agent, told M+N in a statement. “This is what we intend to do with the Sando … There is the possibility, however, that the new owners may decide to redevelop the property, and in that case we would be forced to find another building.”
The property at 387-389 King Street is currently listed on www.realestateview.com.au. It’s described as offering “real redevelopment potential” to “astute” investors, or developers. The auction is set for November 17.
“[A redevelopment] would be sad as we have spent a lot of time, blood, sweat and tears to bring live music back to Newtown,” Townsend said.
The venue came under fire a couple years back for its “pay-to-play” policy, which charged bands a flat production fee if they failed to reach particular quotas.