There were squeals of tongue-in-cheek excitement across our social media channels last month when we reported that one of Sydney’s most beloved live music venues was looking for a new owner. Readers began tagging their mates en masse, accompanied by sly wink emoticons.
Indeed, after five wonderful years, Goodgod Small Club owners Jimmy Sing and Hana Shimada took to Facebook late last month to announce that they will be moving onto other projects and are putting Goodgod and its Danceteria up for sale.
But if Goodgod isn’t really your style and you’re more in the market for an alternative venue, something where events can run the gamut from the latest hot indie band to a performance art piece or video installation, you might want to read on.
As Stoney Roads reports, the property occupied by Sydney’s iconic Oxford Art Factory has been listed on Real Commercial. Whilst the terms of the sale aren’t clear, it appears the OAF will remain on the site as tenants recently signed a new 10-year lease.
Though there have been reports that the Oxford Art Factory itself is for sale, the listing seems to indicate that the property where it resides is looking for a new owner and that tenants the OAF actually have options to extend their lease until 2035.
Tone Deaf have reached out to Burgess Rawson, the real estate agency behind the auction of the 1/38-46 Oxford Street, Darlinghurst property, who confirmed the Oxford Art Factory is not going anywhere and will remain at the site.
The property boasts a “superb central Oxford Street position” and a “substantial 588sqm venue with rear lane access”. Naturally, the most attractive feature is “Sydney’s most successful and iconic live music venue since opening in 2007” which resides inside.
The listing also details the “substantial tenant fit-out” worth circa $2.7 million; the income you’ll receive as the landlord, a.k.a. rent, of $380,000 pa + GST; and promises your tenants will be “very experienced operators behind other longstanding Sydney venues”.
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With a rent of $380,000 per year, you can expect the property to fetch a pretty penny. So if you have about $5-$10 million lying around somewhere (couch cushions?) head to the Sofitel Wentworth Hotel at 11am AEDT Thursday, 29th October to place your bid.
If you do happen to purchase the Oxford Art Factory site, just promise us one thing: keep the venue. Sydney’s having enough trouble holding onto its nightlife scene as it is and the last thing it needs is the loss of such a famous space.
