“The current regulatory climate in Sydney and the inherent challenges therein have made it unsustainable.”
Great news for Sydney’s live music scene today. The Daily Telegraph has announced that our dearly departed Sandringham Hotel, which earlier this month closed its doors for good, has been snapped up by people in the biz. And not just any people at that. Sources have revealed that Tim Northeast, owner of The Corner Hotel
So despite the massive public disapproval, the iconic Sando has failed to prove its value to the bank. It’s now looking as though the property will be redeveloped into apartments.