The hotel at Neutral Bay was put on the market last August by its long-time owners. 9News
A landmark pub on Sydney's prestigious Lower North Shore is reported to have been sold to a mystery buyer in a deal believed to be around the asking price of $175 million.last August by its long-time owners, the Thomas family.
9News understands the hotel sold around the asking price, which, if attained, would have been a record price for a pub.The Oaks Hotel pub on Sydney's prestigious Lower North Shore has reportedly been sold for a price up to $120 million."I can confirm it has sold to a local family and long-time patrons of The Oaks," he said in a statement.Sydney pub mogul Justin Hemmes is not the buyer.
It has been owned by the Thomas family since 1975, when David "Taffy" Thomas bought the 2188-square-metre property for $230,000 .The pub has since undergone major refurbishments, including a major renovation of the two main bars in 2019.
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