Sydney pub and live music venue The Bald Faced Stag has been sold for almost $8 million, after its leaseholder was accused of ripping off artists earlier this year.
Venue owner Marvan Hotels has sold the Leichardt institution, which is one of Sydney’s oldest pubs, for $7.98 million, as Fairfax Media reports.
It’s still unclear who purchased the venue. Music Feeds has contacted real estate agents Metro Commercial Property Group for comment.
The 1,300 square metre Parramatta Road venue courted controversy earlier this year when its former leaseholder, Ulladulla Property Services Ltd, was accused of owing thousands of dollars to bands and artists who had performed at the venue.
Marvan Hotels evicted Ulladulla Property Services Ltd from the venue in January, as bands like The Dillinger Escape Plan and The Peep Temple claimed they were owed money. Marvan Hotels also told locals they would continue to support live music at The Bald Faced Stag.
The venue is scheduled to host performances from the likes of Sabbat and Pain in the coming weeks.
