Surry Hills Icon “The Shakey” Sold After Nearly 50 Years

The Shakespeare Hotel, a cornerstone of Surry Hills since 1879 and known locally as “The Shakey,” has been sold for the first time in almost 50 years. This transaction marks a significant change for the Surry Hills community, where the pub has long been a social hub.

Margaret Hargreaves, who has owned the pub since 1975, made the decision to sell earlier this year. Hargreaves initially leased the pub before acquiring the freehold in 1978, demonstrating her commitment by moving her family into the establishment for three months to focus on the business.

The new owner is Laurence Collins, who also operates the leasehold of The London Hotel in Balmain. Collins has stated his intention to preserve the character of The Shakey, recognising its importance to the Surry Hills community. He emphasised that he does not plan to change the overall fabric of the hotel.

While the exact sale price has not been disclosed, industry speculation had suggested a figure around $12 million when the property was first listed. Kate MacDonald of JLL Hotels & Hospitality Group, who managed the sale, indicated that Mrs. Hargreaves was satisfied with the price received.

The Shakespeare Hotel’s significance to Surry Hills extends beyond its role as a local pub. It has been a constant presence in the neighbourhood for over 140 years, witnessing the area’s evolution. The sale represents a change in ownership for a place that has been central to Surry Hills’ social landscape for generations.

As the keys are set to change hands in mid-September, the Surry Hills community will be observing how this transition affects one of their most recognisable local landmarks. The sale of The Shakey marks the end of an era in Surry Hills’ hospitality scene and the beginning of a new chapter for this historic establishment.

Published 2-September-2024