ASX-listed developer Cedar Woods is progressing its plans for its Southbank arts precinct site.&nbsp;

The developer has filed plans, which are now with the&nbsp;Department of Transport and Planning, for a new 20-level tower at&nbsp;<a href="https://www.apartments.com.au/new-apartments/141-151-sturt-street-southbank-vic-3006">141–151 Sturt Street</a>, a 2,718 sqm block opposite the Habitat Filter sculpture.

The proposal seeks to demolish the two-level&nbsp;commercial building, including a small supermarket and medical tenancies, and create a new building with 180 apartments and a focus on an&nbsp;active public realm and arts integration.

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<img alt="Southbank site" data-entity-type="file" data-entity-uuid="76a72db6-91ef-43ae-827d-a9cfa72893d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Site.png?VersionId=DZgtB4K6BswVh0QtCs3iLjXaLp0CbcEb" />

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There will be a full mix of apartment configurations, including 28 studio apartments, 16 one-bedroom, 104 two-bedroom, and 32 three-bedroom units.

Retail, creative arts, and residential amenity functions are integrated across the lower levels. A food and drink tenancy is planned to front Dodds Street, while a retail tenancy fronting Sturt Street will be accessed via an elevated walkway. The first floor includes a substantial 734 sqm creative arts space, envisioned to support Melbourne’s growing cultural and digital industries.

Architecture firm <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has put together the plans. In their&nbsp;Urban Design Report they highlighted the project’s ambition to embed itself within Southbank’s evolving cultural fabric.

A central feature of the design is a through-block link connecting Sturt and Dodds Streets, landscaped with native plantings and embedded with universal access ramps.

“The ramp has been thoughtfully integrated as the primary access point, ensuring universal accessibility for all users,” the report noted, with the link offering “a direct response to the urban planning scheme of creating more green spaces within our communities”.

<img alt="Southbank podium" data-entity-type="file" data-entity-uuid="4d24b1b2-d69c-4a11-a11d-ec6df432221c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium.png?VersionId=geWoJyZDmPSLODZ_.PNJ0LvpOmyyCdpo" />

The building’s podium form responds to the mandatory height limits along Dodds Street and maintains a fine-grain interface to adjoining developments. Above the podium, the tower is articulated with recessed balconies and a focus on views toward the CBD and surrounding arts institutions. A communal rooftop recreation deck and indoor lounge are positioned on level four, adjoining seven apartments and providing over 900 sqm of resident amenity space.

Vehicle access and loading will be provided via Dodds Street, with 155 resident car spaces located across two basement levels and the first three above-ground floors. Bicycle storage is more generous, with 226 spaces distributed across resident, staff and visitor needs.

Rothelowman describes the architecture as “humanist,” with ground-level interfaces designed to encourage social interaction and provide a dignified entry for both residents and passers-by. “All street interfaces are crafted to invite and nurture human connections,” the design report states. “The façade transitions to a human scale, providing an approachable and engaging streetscape”.

Cedar Woods, while well-known for its large communities it develops outside of Australia's capital cities, they have recently developed in Melbourne's inner-ring before. They are approaching completion at <a href="https://www.apartments.com.au/new-townhouses/88-leveson-north-melbourne-88-leveson-street-north-melbourne-vic-3051">88 Leveson</a>, just 15 townhouses in the heart of North Melbourne.

Joel Robinson

Cedar Woods progresses with new apartment plans in Southbank arts precinct

Brisbane developers Core Property Partners and Vector Property Australia has teamed up for Brisbane's newest apartment development.

The duo identified <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as their preferred suburb, on the fringe of the Gabba Precinct, where they've just revealed BANKSII, 72 apartments opposite Raymond Park.

[smartcode_project:default project_id=136432 project_image_fid=5481]

The one-, two-, and three-bedroom apartments will sit in a glass-wrapped building that will also feature a rooftop with an&nbsp;infinity-edge pool, a BBQ area and alfresco dining spaces, sun lounges, and a sauna, as well as a resident-only gym and a ground-floor cafe.

Rhett Williams, Director of Vector Property Australia, said the project will lift the quality of the East Brisbane community and set a new benchmark.

"In Brisbane’s current property landscape, <a href="https://www.apartments.com.au/new-apartments/banksii-east-brisbane-169-wellington-road-east-brisbane-qld-4169">BANKSII</a> stands out through its emphasis on lifestyle-oriented living, connectivity and sophisticated design," Williams says.

[smartcode_project:default project_id=136432 project_image_fid=5479]

The 10-level building has been designed by MAS Architecture. Their designs were inspired by the native Banksia flower, with the architecture and interiors reflecting the organic symmetry of its namesake flora. MAS has interpreted this throughout the building’s curved form, façade detailing and interior palette.&nbsp;

The building’s flowing geometry and natural tones are complemented by large balconies and floor-to-ceiling glazing, maximising cross-breezes, daylight and views over the city, parklands and river.

“Having a strong narrative for a building helps us architecturally,” MAS noted. "We can choose colours that come off that species of flowers. The trunk and the trees and the flower elements all are now visible in our joinery on the inside and in our architectural finishes on the outside."

[smartcode_project:default project_id=136432 project_image_fid=5485]

Apartments will feature timber floors, soft porcelain tiles, brushed bronze fittings, and stone benchtops with warm veining.&nbsp;

Kitchens feature premium SMEG appliances and generous storage, while bathrooms have been designed as calming retreats with curved cabinetry and twin sinks in the master ensuites.

The building will feature a suite of rooftop and wellness amenities. Residents will have access to an infinity-edge pool, BBQ and alfresco dining areas, sun lounges and a rooftop sauna.&nbsp;

A residents-only gym will be located on the podium level, while a ground-floor café and landscaped laneway will further activate the site and improve neighbourhood connectivity.

[smartcode_project:default project_id=136432 project_image_fid=5488]

BANKSII will rise from a prime Wellington Road site, with the building oriented to overlook the adjacent Raymond Park and take in extensive city views. It is also on the doorstep of key&nbsp;lifestyle infrastructure, including the future Kangaroo Point Green Bridge, The Gabba stadium, and the planned Brisbane Live arena.&nbsp;

Public transport options, including ferry, bus and rail - including the future Cross River Rail Woolloongabba station - are all nearby, supporting a car-optional lifestyle just minutes from the CBD.

Williams said the team spent over a year searching for the ideal site before securing this location.

"We were attracted to <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as it is a vibrant and growing community that offers a perfect balance of urban convenience and natural beauty with the parklands and river on our doorstep.”

The project is part of the broader Woolloongabba Games precinct, which is undergoing significant investment in the lead-up to the 2032 Brisbane Olympics. This urban renewal, coupled with infrastructure upgrades, is expected to enhance long-term liveability and capital growth in the area.

Given the wide max of configurations, BANKSII is expected to suit everyone from first home buyers and investors to families and downsizers.

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BANKSII sales launch in booming East Brisbane apartment market

The Minns Labor Government will deliver Sydney’s first new heavy rail station in more than a decade – enabling up to 10,000 new homes by rezoning land around Woollahra and Edgecliff stations, right next to the CBD, to tackle the housing crisis and rebalance growth across the city.

Recent reports by the NSW Productivity Commission have warned that Sydney is losing twice as many young people as it is gaining, while also finding that Woollahra is the most feasible Local Government Area (LGA) in New South Wales to build new housing.

Despite this, housing approvals in Woollahra consistently lag well behind other LGAs, and the population has declined by 11 per cent over the past 50 years while Greater Sydney as a whole has grown by 74 per cent.

The new station that will be an eight-minute trip from Sydney CBD, will be located on the Eastern Suburbs train line in Woollahra, where a station build was started in the 1970s but never completed.

To enable the delivery of new homes the NSW Government will lead a rezoning of Woollahra and Edgecliff stations similar to other state led rezonings to allow additional homes to be built around the stations.

Affordable housing will also make up a proportion of development on the site with the final amount of affordable housing required, to be determined as part of the rezoning process.

The area surrounding the new station is within walking distance of major green and recreational space including Cooper, Trumper, Rushcutters Bay and Centennial Parks.

The Eastern Suburbs train line between Bondi Junction and Sydney CBD also has the lowest passenger usage rates during the AM peak of any line on the Sydney network, with only 43 per cent of operating capacity during the AM peak currently being utilised by passengers.

Sydney Water and Infrastructure NSW have confirmed there is capacity in the water and wastewater systems to accommodate the proposed 10,000 dwellings without major upgrades.

The rezoning is expected to take around two years and will further support the Government’s housing targets that rebalance the delivery of new homes around existing infrastructure.

&nbsp;

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Next stop Woollahra train station - delivering up to 10,000 new homes in the heart of Sydney

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Fresh off completing its mixed-use Malvern project Malvern Collective, Kokoda Property Group has acquired a prime site on Richmond's Bridge Road.

They are planning a mid-rise residential development with&nbsp;integrated wellness amenities and a vibrant ground-floor retail and dining offering.

The site, at&nbsp;487–495 Bridge Road, spans&nbsp;1,650 sqm with 50 metres of dual frontage across Bridge Road and Palmer Street. It is currently leased to Adairs, and has a large retail building and 20 onsite car parks.
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Kokoda Property Group’s acquisition forms part of a broader phase of growth in Melbourne, building on momentum from the completion of Malvern Collective and the recent purchase of a Burnley Street site for the developer’s first commercial project.&nbsp;

Mark Stevens, Kokoda Property Group’s Founder and Managing Director, said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating.

“Melbourne is regaining momentum,"&nbsp;Stevens said.

"After a cautious period post-COVID, we’re seeing buyer sentiment stabilise and capital leaning back into well-located, quality projects. Victoria now benefits from deep builder capacity and competitive delivery pricing, creating a rare opportunity to bring design-led inner-city developments to market without compromising on craftsmanship.

“Richmond ticks all the boxes for us – connectivity, culture and everyday amenity – making Bridge Road the perfect address for an amenity-rich, multi-use development."

<img alt="Kokoda" data-entity-type="file" data-entity-uuid="9a8de51d-8092-480a-8b7e-e081816692c2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-29%20at%208.54.27%E2%80%AFAM.png?VersionId=VRHpV5.6beOu2cieKHWrw3ErMPuVOAuj" />

Envisioned as an “urban lantern” the building will bring a distinctive new presence to Bridge Road with a sculptural retail frontage, designed to honour the street’s heritage character while contributing to its renewal.

Stevens said the acquisition reflects the developer’s commitment to design-led addresses in Melbourne’s inner city.

“Drawing on Richmond’s rich heritage and dynamic character, we’ve envisioned a contemporary building that respects the past while elevating the way people live today. With dual frontages, curated ground-floor spaces, and a focus on wellness, this project will contribute to the neighbourhood’s evolution, appealing to both downsizers and a new generation of professionals.”

Kokoda Property will now progress concept design ahead of a future planning process.
</section>

Mark Stevens, Kokoda Property Group’s Founder and Managing Director, said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating

First look: Kokoda secures Richmond site for new apartment development

Gold Coast developer Drew Group is fast approaching sell-out at its Main Beach apartment development, Lagoon Main Beach.

In the last nine months, Drew Group and sales partner Pezet Matheson have secured 31 sales totalling over $75 million, as the two-tower development advances towards completion under the expert eye of Hutchinson Builders.

“Today's buyers are more discerning than ever," Drew Group Managing Director Jon Drew says.

"It's essential to provide something truly unique that sets a development apart, and we believe Lagoon has achieved just that."

[smartcode_project:default project_id=108747 project_image_fid=193023]

Just over 50 per cent of recent&nbsp;sales have been to local buyers, reflecting the deep trust and connection within the Gold Coast community that Drew Group has developed over the years.

Demand has been particularly robust at the top end, with two of the three exclusive penthouses already sold, alongside five sub-penthouses. Only seven apartments remain in Lagoon's Signature Series — one&nbsp;penthouse and six sub-penthouses.

[smartcode_project:default project_id=108747 project_image_fid=284864]

Drew Group has also removed the much-maligned sunset clause from all contracts at Lagoon. The sunset clause — although rarely invoked, yet on occasion known to have been — allows developers to take back contracts on apartments should the building not be completed within the timeframe specified in the contract.

Pezet Matheson Co-Director Jayde Pezet says the fact Lagoon is&nbsp;within a year of completion, and has no sunset clause in contracts, provides certainty to buyers.

"This is paramount in the current market," Pezet says.

Drew Group has committed to providing the highest level of security inclusions — none more impressive than the Ubiquity Access Control System, a cutting-edge facial recognition technology that is one of the most state-of-the-art keyless entry systems on the market.

[smartcode_project:default project_id=108747 project_image_fid=190743]

One of the biggest drawcards to Lagoon has been the size of the apartments.

"It is unlikely that any future new development in Main Beach will be able to offer such spacious living at this price point," Drew says.

"Today's buyers are more discerning than ever, carefully evaluating amenities like gyms, spas, workspaces, and beach lockers, along with quality finishes. It's essential to provide something truly unique that sets a development apart, and we believe Lagoon has achieved just that."

Lagoon is set to complete construction in mid-2026.

[smartcode_project_cta:default project_id=108747]

Lagoon Main Beach approaches sell-out as local buyers drive $75m in sales

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Oxford Hotel, a consistent top 100 freehold gaming pub at Drummoyne, NSW, has hit the market. 
It has been offered by Dan Dragicevich, Sam Handy and Andrew Jolliffe of HTL property.
Set on a 947sqm block, Oxford Hotel at 195 Victoria Rd &amp; 15-17 Lyons Road features 30 EGM's, recently approved 4am liquor licence, and D.A. lodged gaming room extension with 30% increase in size plus direct service or access points. 
The outdoor areas come with additional scope to activate a roof top beer garden with CBD, harbour and bridge views. 
There are solid existing food and beverage revenues.
The site also offers further redevelopment and site amalgamation potential. 
It is the first freehold gaming pub publicly offered to market in 2019.
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Oxford Hotel in Drummoyne, NSW hits the market

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The popular Stomping Ground Brewing Company, is set to open its second brewpub in Melbourne’s South East. 
The independent brewery has signed a 10-year lease with Melbourne property investment and development firm, Up Property, to secure its place at their Morris Moor development in Moorabbin.
The team behind the popular Collingwood brewery and beer hall have secured a 630 sqm building as well as an accompanying permit, which will see the transformation of Moorabbin’s 60-year-old Phillip Morris manufacturing site.
Once home to mechanical facilities that serviced the entire 6.27 hectare site, Stomping Ground has plans to convert the existing building into a small brewery, beer hall, event space and large beer garden.
There is 400 square metres of outdoor area connected to the building as part of the lease.
Stomping Ground’s planned brewpub is set to become the anchor for the 3,080 square metre hospitality precinct at Morris Moor.
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Morris Moor was designed by multi award-winning architects Genton, working in consultation with award winning architecture and interior design firm Techne.
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The wider Morris Moor masterplan includes over 50,000 square metres of leasable mixed- use spaces across an existing eight buildings.
Managing Director, Adam Davidson said, “the vision and masterplan for Morris Moor is coming to life with the premium refurbishment of the prominent 5000sqm corner office nearly complete and already 90 percent committed, with construction also underway for the 120 place Childcare centre on Chesterville Road."
“As the site begins to take shape there has been a dramatic increase in leasing enquiries and traction from prospective tenants. We are currently negotiating 14,000sqm over 11 tenancies, further emphasising the demand amongst the local community for a multi-purpose urban destination,” Adam added.
The first spaces were ready to occupy late last year, and there are already 65 business’s located at Morris Moor, including start ups, technology and design focused companies.
Other tenants secured for Morris Moor, include Kids Club childcare centre, Clik Collective co-working &amp; co- warehousing facility and Schots Home Emporium, Melbourne’s much-loved furniture retailer who has already opened their 4,140 square metre showroom facility to the public at 19 Cochranes Road, Moorabbin.
Up Property is currently seeking occupiers for available hospitality and office spaces.  
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Stomping Ground Brewing Company sign 10 year lease at Morris Moor

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A group of investors headed by former Yellow Brick Road owner David Carr has sold the Redcliffe Tavern and First Choice Liquor Superstore in Brisbane's north at a loss.
They sold for $14.5 million having paid $15 million in 2016.
The previous owner, Somerset Properties had bought it from Alceon for $11.5 million in 2014.
It sold in 2013 at $10.65 million.
The latest buyers, Anthony and Julian Vedelago's Wuvulu Property Investments, secured it on a yield of about 7.25% through Savills.
The 1464 square metre freestanding Anzac Avenue building sits on a 2313 square metre site.
It comprises a 643 square metre tavern and 821 square metre liquor store.
It was offered with a 20-year lease to Coles-owned Liquorland plus options to 2049.
The property was developed in 2009.
Nine Entertainment reported Carr played down the sales result and said the investor group had "come out ahead" when the deal was averaged out across a number of pub divestments.
"I don't see it as a turning point for the pub sector," Carr said.
He attributed the weaker sale result to "some uncertainty around the Coles business model in Queensland" during the sales campaign and described the property as more of a retail offering then a pub asset.
Carr runs Sydney wealth advisory firm DBR with Bernard Reilly who was also an investor in the Redcliffe Tavern.
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Investment group led by David Carr makes loss on Redcliffe Tavern sale

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The Duke of Gloucester Hotel, located in Sydney's Eastern suburbs has been listed for sale with a price tag of $30 million.
HTL Property's Sam Handy and Daniel Dragicevich hold the listing.
This campaign follows the recent sale of a number of Eastern Suburbs pubs including the Centennial Hotel (Woollahra), Royal Hotel (Bondi) and Bondi's Icebergs Bar and Dining Room.
Affectionately known by locals as the 'DOG', the hotel has been operated under management by the Good Beer Company on behalf of a private syndicate.
“We’ve had several unsolicited approaches to buy the DOG in recent times and decided to put it to market to focus on our redevelopment of the Keg &amp; Brew”, commented owner John Azar.
The syndicate acquired the hotel in a discreet off-market transaction from Newhaven Hotels in 2015 for a reported $17 million and immediately activated a $3.5 million renovation, refurbishment and reconfiguration.
The hotel, which boasts a 2am liquor licence and only has 19 gaming machines makes annual revenues in excess of $8 million.
It was #425 on OLGR's Dec-18 quarter rankings and outside of some hardware upgrades, the gaming room has remained largely untouched since the sale some four years ago.
HTL Property's Director Sam Handy advised, "the Duke of Gloucester Hotel is surrounded by several TOP 200 gaming rooms, all with the maximum gaming machine holding of 30 machines."
"An incoming purchaser would be strongly advised to immediately increase the hotel’s machine holding from 19 to the allowable 30 and doubling the size of the gaming room by extending into the existing TAB and smoking area," he added.
Set on a 746 sqm landholding it is situated at the cross section of Frenchmans Road and Clovelly Road in Randwick.
Spanning two levels the holding consists of three bars, two kitchens, TAB, designated gaming room and multiple outdoor areas. 
The Duke of Gloucester Hotel is being sold via private treaty.
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Sydney's Duke of Gloucester Hotel listed for $30 million

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The veteran pub family patriarch Arthur Laundy has bought the The Bells Hotel in Woolloomooloo, swooping pre-auction as an acquisitive battle continues between rival Sydney publicans across Sydney.
The price guidance had been around $15 million, highlighting the frothiness in hotel prices over recent years.
The historic 1920s pub was sold before Thursday's scheduled auction to the Laundy family which now owns almost 30 hotels across NSW, including venues such as the Watsons Bay Hotel, the Woolwich Pier near Hunters Hill and the Quarryman's Hotel in Pyrmont.
Laundy recently expressed concern about "silly prices", signalling he'd be steering clear of what he called a "crazy market", but The Bells was irresistible.
Rival hotelier Justin Hemmes had been pinpointed as also having an likely interest in buying the pub.
The Laundy family net worth is put at $500 million while Hemmes' is estimated to preside over a $950 million hospitality and liquor empire.
The 77 year old Laundy is credited as heading the biggest independent hotel operator in New South Wales, which includes the neighbouring Woolloomooloo Bay Hotel which cost $20 million two years ago.
It was the Miles family who called time at The Bells after initially securing the leasehold in 1976.
The family bought Tooth out in 1990.
The pub at 1 Bourke Street was known for legendary matriarch Lil Miles, who worked behind the bar until age 96.
Erin Petersen, from the Miles family, said there had been a number of pre-auction offers.
“The family has loved the 45 years at Bells and while it is the end of an era for us we are happy to sell to Arthur, a long time local publican, who we are sure will only be an asset to further develop the potential of our much-loved pub” said Petersen.
The sale was secured by Andrew Jolliffe who has sold more than $1.75 billion of pubs in the past six years including the Centennial in Woollahra on behalf of the Medich family to Merivale's Justin Hemmes.
The Laundy family company, which has been in pubs since the 1940s, includes scions Stuart, the socialite publican who briefly won Sophie Monk's heart on The Bachelorette, and the politician Craig, who has been the Liberal member of Reid since 2013.
Arthur Laundy typically fronts up every day at the Laundy headquarters in the Twin Willows Hotel, built in 1963 by his late father at Bass Hill in Sydney's south-west after the land cost 38,000 pounds. 
The family pub business had began when Arthur's parents Arthur Sr and Veronica took on the Sackville Hotel at Rozelle in 1945.
It was in 1969 when young Arthur and wife-to-be Margaret took the reins of the family business, which was then just two hotels including the Twin Willows.
Jolliffe noted that interest in the Bells, a prominently positioned asset, was drawn from a wide spectrum of well-known hospitality operatives and commercial property specialists.
There have been four other hotel properties in the past few weeks, Jolliffe noted.
Sydney's biggest publicans include the Waugh family, the Ryan family, Peter Calligeros, the De Angelis family, the Arnout brothers, and Pat and Angela Gallgaher.
Hemmes and his family have ownership of 70 hotels, restaurants and venues around Sydney.
The sale comes on the eve of hotel giant Redcape’s billion-dollar stock market listing later this month.
The Bells Hotel, located adjacent to the Woolloomooloo Finger Wharf, features a main bar, bistro, courtyard, accommodation spanning the entire first level, and eight electronic gaming machines.
There had been a pub on the 340 square metre Bourke Street corner address since the 1860s.
The original ale house was called Punches servicing the workers of the wharves.
The Miles family lost a family member at the hotel in 2004 when Shane Miles, died from massive head injuries after being hit in the head with a bar stool during a wild brawl at his family's pub.
This article first appeared in The Daily Telegraph.
 
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jchancellor-FAypfDUnLy

Pub patriarch Arthur Laundy purchases The Bells Hotel in Woolloomooloo

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The recently closed Leinster Arms Hotel building has been listed for sale for $3.8 million.
It is being sold as vacant possession after long-time publicans Glen and Wilhelmina McGee closed the doors after AFL Grand Final Day, having been in charge of the landmark establishment for 18 years.
The 1860s building last traded for $208,500 in 1991.
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It was a regular for the late notorious crime figure Mark 'Chopper' Read.
The Leinster Arms Hotel at 66 Gold Street has 50 metres of prime street frontage from its near 600 square metre corner site.
It has a front bar, lounge and dining area, two function rooms, commercial kitchen, bricked bistro garden atrium and two outdoor beer gardens.
The sale through CBRE Hotels includes a 1am General Liquor Licence.
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jonathanchancellor-7SQnKwU6yx

Collingwood's Leinstar Arms Hotel building for sale

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The Windsor home of late night venue The Lucky Coq on the busy Chapel Street has been listed for sale for the first time in nearly five decades. 
The 355 sqm site with double street frontage at <a href="https://www.realcommercial.com.au/property-hotel+leisure-vic-windsor-502909422" target="_blank">179 Chapel Street </a> is currently leased to multi-venue hospitality operators Colonial Leisure Group.
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Subject to a 12 year lease, the prime property has a 3am 'general' liquor licence in place.
CBRE Hotels agents Scott Callow and Will Connolly have expressions of interests until September 12.
 
 
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jrobinson-rf4aSBido9

The Lucky Coq premises on Windsor's Chapel Street for sale

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The beers at Paddington's Four in Hand Hotel will continue to be poured after people power stopped its mooted residential conversion.
The popular pub is set to remain trading, to the joyous shouts of the locals, who'd campaigned against its sale and conversion into a luxury home.
The saviour emerged yesterday afternoon in the Good Beer Company, headed by George Azar and run by his nephew John, who paid around $7 million for the premises. 
"It would be a shame to lose it," John told the Daily Telegraph.
"It's a great pub," adding he was keen to introduce lots of craft beers behind the heritage bar. 
The hoteliers own two other pubs in the east, Randwick's The Dog Hotel and the Keg &amp; Brew in Surry Hills.
The listing of the landmark Sutherland Street building triggered protests against the possibility of its conversion into a residence or even worse apartments.
The locals campaigned that the uniqueness of Paddington would be lost. 
Woollahra Council stepped in with its heritage protection of the pub's facade.
The hotel was offloaded by the hotelier brothers Mitchell and Ashton Waugh who bought it in 2015 for $8 million with the celebrity chef Colin Fassnidge soon after departing the 1870s establishment.
The Waugh brothers moved the valuable pokies licence to other venues and were initially seeking to sell the property as residential.
Paddington has lost other pubs including the Windsor Castle which became an $11.85 million four level house.
The local resident lobby group amassed over 12,000 signatures urging it remain as a hotel.
Some of the big names who campaigned included House Husbands star Rhys Muldoon, Prime Media executive John Hartigan, local solicitor Nick Eddy and the formerThe Daily Telegraph and New York Post editor Col Allan and. 
"Quite clearly there are hospitality properties out there which enjoy alternative use opportunities; however, in my view some are simply either too iconic or important to the fabric of a community to make wholesale changes to, and I think this is true of the Four in Hand," listing agent Andrew Jolliffe said.
Jolliffe said it was "incumbent" upon the vocal Paddington community to back up the fervor shown over recent weeks with a show of patronage.
This article was first published in The Daily Telegraph.
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People power saves popular Four in Hand Paddington pub from residential conversion 

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Paddington's landmark Four in Hand Hotel premises are set to be traded for the second time in three years, and be sold as a house.
The hotel and operations were bought by hotelier brothers Mitchell and Ashton Waugh in 2015 for $8 million. They bought it from celebrity chef Colin Fassnidge and business partner Joe Saleh.
The Waugh brothers are now seeking to move the pokie and liquor licence to another venue and sell the property as residential.
They aren't short of choices. They own the nearby Woollahra Hotel and The Royal among others.
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The two storey property will offer around 700 sqm of living area when turned into a home, although the heritage-listed front will need to remain the same.
Ray White Double Bay agents Gavin Rubinstein and Jerome Strot have a May 24 auction.
They says its a rare residential opportunity.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/2/four2.jpg" alt="">
It is being marketed as having four bedrooms and four bathrooms.
Currently the property is configured with partly divided dining spaces on the upper level, with a corner terrace fronting Sutherland Street.
There are two bars, one on each level, as well as the games rooms which currently home six pokie machines.
 
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Paddington's Four in Hand Hotel for sale as a house

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A mid-19th century pub in Melbourne’s inner-city suburb of Abbotsford has changed hands for $3.18 million, well above the reserve price of $2.25 million.
The sale highlights the strong market for pub transactions. 
The <a href="https://www.realcommercial.com.au/property-hotel+leisure-vic-abbotsford-502495522" target="_blank">Park Hotel at 191 Nicholson Street</a> was advertised for sale via auction on September 1 through Knight Frank.
It sold on a 2.6 per cent yield.
The property currently returns $83,340 p.a.net. and rent increases are 4 percent annually.
The current lease term of three years ends in 2018 with a further term of 3 years.
It has a front bar, dining room, commercial kitchen, beer garden and upstairs accommodation.
The site area is about 480 sqm.
It was sold by two brothers who had owned the venue as an investment for 35 years.
Selling agents Andrew Greenway and Paul Pellegrino of Knight Frank said the buyer had no intention of redeveloping the building into apartments, a now-common trend with Melbourne's popular pubs, Fairfax Media reported.
 
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