Sydney rock and roll institution, The Annandale, is going up for sale tomorrow as the owners attempt to find an investor to inject some much-needed cash into the venue.
It’s been a remarkably shit few months for Sydney’s live music scene. Bar baron Justin Hemmes bought The Excelsior for a song in February, while intimate Surry Hills venue The Raval closed its doors last week.
The Annandale isn’t likely to go quietly though; owners Matt and Dan Rule are confident they’ll find money men who believe in the continuation of sweat, tight jeans, loud guitars and well priced beers. “We’re offering investors the chance to get in at the grassroots,” they said. “The great thing about it is that at the grassroots they’d be gaining a business that’s been operating successfully for over 10 years.”
Countless bands have started their careers via raucous nights at The Annandale, including Powderfinger, You Am I and The Living End. The venue has also played host to the AMP Award nominations and many other industry events and press conferences. So if you have a spare few million, make this your cause for 2011.