SYDNEY - TelAve -- Sydney drinkers can relax: The Lobo isn't closing, moving or changing hands. What's for sale is the property it trades from.

The 192 sqm premises at Lot 1, 209 Clarence Street has been home to The Lobo, the award-winning Cuban-inspired rum bar hidden beneath Clarence Street, since 2013. Through the 2014 lockout laws and the COVID lockdowns of 2020 and 2021, when many city bars closed for good, The Lobo kept trading and kept collecting accolades.

Whoever buys it becomes The Lobo's landlord, collecting a net income of $226,789 + GST a year. Rent rises a fixed 5% every year, and because that increase applies to the larger gross rent figure, the net income actually grows by roughly 5.6% to 5.8% a year. The lease runs to April 2030, with a further five-year option to 2035.

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"This is a rare chance to own real estate in the core of Sydney's city centre with a tenant that's proven it can survive anything Sydney throws at it," said PropertyFox's Lachlan Worthington. "That's the kind of track record investors pay for. The tenant has put its own money into the fitout and keeps reinvesting in the venue, so this is about as hands-off as a city investment gets. The only call you'll get from this tenant is to renew the lease."

The Lobo has picked up four Time Out awards, including a five-star review, and an industry Rum Bar of the Year title. Broadsheet, Good Food, Gourmet Traveller and international cocktail authority Difford's Guide have all covered it.

It's run by an established multi-venue Sydney hospitality group, not an owner working behind the bar every night. That matters to investors: the decision to renew comes down to commercial logic, not personal burnout.

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The property sits inside YCK Laneways, which in 2023 became Australia's first Purple Flag-accredited nightlife precinct, an international standard for safe, well-managed night-time economies. Wynyard, the QVB and Town Hall Station are all within roughly 400m.

The premises are entered through a 5m-high entrance off Clarence Street with a spiral staircase down to the venue, and have additional lift and disabled access via 350 Kent Street and Council Place. The fitout includes a long bar, lounge and open-plan bar areas, kitchen, cool room, bathrooms and office space.

Expressions of Interest close Thursday 10 December 2026 at 4pm.

Watch the property video: https://youtu.be/_0eHmrsArVA



View the listing: https://www.propertyfox.com.au/listing/209-Clarence-Street-SYDNEY-NSW/sid-148906