Marvan Hotels has reportedly sold The Lidcombe Hotel in Sydney's west for about $36 million, according to The Australian Financial Review.
The property last sold for $6.55 million in September 2009, and prior to that $754,000 in July 2001, according to online reports. The hotel is part of the NSW Office of Liquor, Gaming and Racing's top 200 gamings rankings list.
The 782 sqm site with a 36-metre building height approval offers strong redevelopment opportunities.
The Lidcombe Hotel has local historic, social and aesthetic significance as an example of a hotel establishment in the early twentieth century, prominently situated in the centre of the town of Lidcombe, opposite the railway.
More specifically, the hotel is historically significant as it would have provided temporary accommodation for some of the early workers to come to the area in the early twentieth century, as well as provided stimulus to the growth of the town centre in the immediate vicinity.
This Hotel is an Inter War Georgian Revival Building, characterised by the pediment, bracketed eaves, quoining to brickwork, round heads to windows, multi-paned windows of horizontal proportions, string courses, Palladian motif, face brickwork and references to the Classical Order.
A robust masonry building of two to three storeys features with an eclectic collection of neo-georgian style details above the metal awning line. The roof is hipped with a medium pitch and culminates in an elaborate corner pediment with a Palladian arch and recessed balconies behind. The building is sited on a corner, with the main entrance at a 45-degree splay to the corner to emphasise the building's importance.