Unlike previous venues going up for sale due to external forces, “This is a genuinely reluctant sale" from the current owners.
Popular Newtown live music, burlesque and cabaret venue, The Vanguard, is regrettably up for sale.
As well as stunning burlesque shows, The Vanguard also hosts a whole range of music, such as Harvest Moon: A Tribute To Neil Young, Gena Rose Bruce making a stop on her Deep Is The Way tour, The Southern River Band, and Sarah McLeod as One Electric Lady.
The Vanguard has hosted Australian and international acts since 2003, with its intimate atmosphere and state-of-the-art acoustics making it one of Sydney’s most beloved venues.
“This is a rare opportunity to acquire a staple of the Sydney music scene and one of the city’s most-loved entertainment venues,” Leonard Bongiovanni at MQ & Associates said in a statement.
Bongiovanni added, “The Vanguard is on the market as a freehold going concern, which means the buyer is purchasing the land and building, the business (which is fully managed), equipment and all licences.”
The statement also reveals that the venue is booked with private functions and concerts until August, with more events slated until the end of the year.
Craig Lennard at MQ & Associates continued, “This is a genuinely reluctant sale. Business is booming, but the current owner is a senior medical practitioner who doesn’t have time to take the venue to the next level.
"The sale of The Vanguard is a fantastic opportunity for someone wanting to own a piece of Sydney’s music history and shape the future of the city’s music scene.”
The Vanguard is for sale by Expressions of Interest. Buy a ticket to an upcoming show at The Vanguard here.
Last year it was revealed that the NSW venue, The Cambridge Hotel, would be shutting its doors to live music once its lease expired this June, with developers eying it for inner-city student accommodation.
At the time, the team behind the beloved space said they would be “looking at all options” to ensure “the live music scene is still supported”.
Last year’s announcement that operators were hoping to keep the venue alive was met with overwhelming support from punters and artists.