A well-known late-night venue in Sydney’s Lower North Shore, the Pickled Possum karaoke bar, is now on the market. Located at 254 Military Road in Neutral Bay, the bar is inviting expressions of interest following its recent receivership, with Joseph Hansell and Vaughan Strawbridge from FTI Consulting acting as appointed receivers and managers.
Established in 1981, the Pickled Possum has become a beloved local institution, renowned for its unique decor, well-stocked eskys, and vibrant karaoke nights. The venue is situated close to Neutral Bay’s shopping and nightlife, and holds a liquor license allowing it to operate until 2am from Monday to Saturday.
HTL Property is managing the sale, and director Sam Handy highlighted the establishment’s sentimental value, which has entertained generations of locals. The interest in acquiring the Pickled Possum is expected to be significant, not only due to its nostalgic appeal but also because of its strong land, building, and business fundamentals.
Prospective buyers can find initial planning insights and architectural feedback applicable for potential amalgamation of sites, which are available for consideration. The sale will convey vacant possession, and the current tenant is open to negotiating a new lease for a buyer looking for a passive income opportunity.
The campaign for expressions of interest closes at 5pm on August 7, marking a pivotal moment for this iconic venue as it seeks new ownership while retaining its legacy in the community.