The beloved fish-and-chip institution, established in 1885, has been held by the Doyle family for a staggering five generations.
Family patriarch Michael Doyle has decided to sell, launching an international search for the site’s next owner.
The sale includes two parcels at 11 Marine Parade and 2 Cliff Street, Watsons Bay. Spanning more than 2,500 square metres, the combined holding features 29 metres of direct beach frontage and panoramic views across Sydney Harbour.
HTL Property managing director Andrew Jolliffe, who is handling the sale, said opportunities to purchase such a well-known waterfront property were increasingly rare.
“There are very few hospitality assets nationally that combine this level of brand recognition, historical significance and absolute beachfront positioning,” Jolliffe said.
While long cemented as one of Sydney’s most recognisable dining venues, the property could soon look entirely different.
The site is zoned SP3 Tourist, permitting a range of hospitality, residential and tourist accommodation redevelopments, subject to council approval.
Watsons Bay is a popular destination for Sydneysiders and tourists thanks to its beaches, harbour views and ferry access from Circular Quay.
The restaurant is close to Watsons Bay Wharf, Robertson Park and Sydney Harbour National Park.
HTL Property national director Dan Dragicevich said the mix of its location, size and reputation would suit hospitality operators and investors.
The property is being offered to the market through an international expressions of interest campaign.
This Sydney suburb is just a 20 minute ferry ride from the city
Watsons Bay - the northern hamlet of the eastern suburbs - is home to just 340 dwellings and some relatively undiscovered beaches.
Canberra City investment property with two restaurant tenants for sale
With leases extending into the 2030s, this City Walk asset offers secure income in the heart of Canberra's dining precinct.
Perth chef snaps up 125-year-old Tassie hotel ruin sight unseen for just over $300k
A Perth chef has bought Tasmania's landmark Royal Hotel ruin for more than $300,000, with plans to explore bringing a dining destination back to the historic property.
See more news from Domain in your Google search results.
The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs.
