The Lobo Rental Property Hits the Market in Sydney
News related to:PropertyFox · 2 min read
The Lobo, Lot 1, 209 Clarence Street, Sydney, has hit the market for sale, with an Expression of Interest (EOI) closing on December 10, 2026. The 192 sqm premises at Lot 1, 209 Clarence Street have been home to The Lobo, the award-winning Cuban-inspired rum bar hidden beneath Clarence Street, since 2013. Despite the 2014 lockout laws and the COVID lockdowns of 2020 and 2021, which saw many city bars close for good, The Lobo kept trading and continued to collect accolades.
The net income from the property, which is leased to The Lobo, is $226,789 plus GST annually. This income actually grows by roughly 5.6% to 5.8% annually, as the rent increases by a fixed 5% each year. The lease runs to April 2030, with a further five-year option to 2035.
The Lobo has picked up four Time Out awards, including a five-star review, and has received industry recognition with an industry Rum Bar of the Year title. Publications such as Broadsheet, Good Food, Gourmet Traveller, and international cocktail authority Difford's Guide have all covered The Lobo. It is run by an established multi-venue Sydney hospitality group, not an owner working behind the bar every night. That matters to investors, as the decision to renew comes down to commercial logic, not personal burnout.
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 of the premises. 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, December 10, 2026, at 4pm.
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