Last night, the owners of Newtown Social Club announced the much-loved pub will be shutting up shop on April 23 this year. It opened in 2013, when the owners rescued the former Sandringham Hotel from the hands of developers and has since become a crucial live music venue for Sydney's scene, hosting countless Australian bands.

In a statement posted on Facebook, the owners say, "Whilst the live music part of the business was a resounding success, the current regulatory climate in Sydney and the inherent challenges therein have made it unsustainable. We look forward to exploring new opportunities in the future."

They also listed the bands playing in the final weeks, including Methyl Ethel, Camp Cope, Frankie Cosmos, Margaret Glaspy, Cosmo's Midnight, Holly Throsby.

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The perception was that due to being outside the lockout zone, nightlife in Newtown and the inner west has remained healthy. Perhaps it isn't that simple.