Eye-watering price tag for iconic pub

A popular pub in Sydney’s eastern suburbs is the latest watering hole to hit the market, and it is expected to fetch $20 million. Owners of the Light Brigade Hotel, the Bayfield family, plan to sell the venue in Woollahra after experiencing a resurgence within the pub sector that has sparked fresh investor interest after the Covid-19 pandemic. The three-storey high hotel at the top of Oxford Street has been a staple within the Sydney nightlife scene since the 1880s. …