Located in the Inner West suburb of Petersham, the Clarence Hotel poured its first beer in 1858. At 450 Parramatta Road, the space has seen many different owners, name changes and renovations over the years. It spent a period in the ’80s as a strip club and a sports bar (with pokie machines), and most recently was re-branded The Whitehouse Hotel – a boutique hotel with a restaurant and bar. A few months after relaunching, empty rooms and seats lead to its closure. The Clarence Hotel has laid vacant for the past 18 months.

Antonio DeBerardinis from Callagher Estate Agents has listed the property for an anonymous Sydney developer. “I wouldn’t be surprised if we saw offers above $4.5 million,” he told Broadsheet. The property occupies a 487-square-metre corner block and offers 600-square-metres of internal floor space. Since the listing went live, there’s been interest from buyers wanting to knock it down and build apartments.

The building was renovated two years ago and now features fully equipped bars, a commercial kitchen, as well as a wine cellar and cool room. The upstairs section of the building holds nine hotel rooms.

For DeBerardinis, the large corner block has real potential. “Parramatta Road is on the cusp. There is a real chance for someone with a clear idea to showcase what the future looks like. There is no reason we can’t combine modern with old, it’s very easy to do.”

Expressions of interest for the site close on March 15.

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