<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>A well-known pub on </span><a href="https://www.9news.com.au/sydney" rel="" target="_blank" title="Sydney's"><span>Sydney's</span></a><span> North Shore has just been sold for $140 million, the equal second-biggest price ever paid for a pub in </span><a href="https://www.9news.com.au/australia" rel="" target="_blank" title="Australia"><span>Australia</span></a><span>.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The Oaks Hotel, situated on the corner of Military Road in Neutral Bay, was sold by long-time owners the Thomas Family, who had run the establishment for 50 years, today.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The venue features a sports bar, cocktail bar, restaurant, and a beer garden, as well as a gaming room with poker machines, function spaces and a bottle shop.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>JUST IN:</span></strong><span> </span><a href="https://www.9news.com.au/national/queen-mary-king-frederik-australia-tour-2026-royal-couple-visit-headspace-in-melbourne/dc8aa54a-058b-4736-80c7-0192278496a8" rel="" target="_blank" title=""><strong><span>Matt took on the King of Denmark in a game of ping pong - and won</span></strong></a><strong><span></span></strong></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Located in an affluent part of Sydney, its selling price matches that of the Byron Bay Beach Hotel, which was sold last year.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>It is below the value of The Crossroads Hotel in south-west Sydney, which sold for $160 million in 2022.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The hotel was purchased by the Gallagher Family, who run Gallagher Hotels and own several high-profile pubs in Sydney.</span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/national/sydney-pub-the-oaks-sells-for-140-million-in-near-record-deal/56160cdd-22b7-4fcb-bfed-a14f12833789" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>CRIME:</span></strong><span> </span><a href="https://www.9news.com.au/national/regina-arthurell-nsw-government-paid-700-to-get-convicted-serial-killer-out-of-home-with-foster-children/776be7fb-4f90-4715-b2be-1bbaba7f3629" rel="" target="_blank" title=""><strong><span>NSW government paid $700 to get serial killer out of home with foster children</span></strong></a><strong><span></span></strong></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Patrick Gallagher, who runs the business with his wife Angela, couldn't hide his joy at the huge purchase.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Suffice it to say, obviously, we're extremely excited," he told </span><a href="https://www.afr.com/property/commercial/sydney-s-oaks-hotel-sells-for-140m-in-mega-pub-deal-20260318-p5okux" rel="" target="_blank" title="The Australian Financial Review"><em><span>The Australian Financial Review</span></em></a><span> today.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"It's one of those generational opportunities where it's something we'd be hanging on to ourselves for well past [when] I'm dead."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The pair were pictured at the hotel today with family members Jack, Max, Sophia, and Austin Gallagher.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The family has been adding several pubs to their portfolio in recent years, buying Jacksons on George for $20 million in Sydney CBD last year, and also own the Railway Hotel and Hunters Hill Hotel.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>FINANCE:</span></strong><span> </span><a href="https://www.9news.com.au/finance/usa-israel-attacks-iran-economic-impact-australia-oil-prices-westpac-forecasts/2a0de929-dd28-4b32-a6e6-33ce45e2b9ba" rel="" target="_blank" title=""><strong><span>Dire warning about war's impact in Australia</span></strong></a><strong><span></span></strong></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Andrew Thomas, general manager of the hotel, said it was the right time for the famous venue to change hands.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"The Gallagher family are the right custodians to pass the baton to," he told The Australian Financial Review.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"The Oaks is one of a kind and has been an enormous part of our family history.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"It holds a very special place in the Australian hotel landscape and in the hearts of the community."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><em><strong><span>NEVER MISS A STORY: Get your breaking news and exclusive stories first by following us across all platforms.</span></strong></em></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><ul><li><em><strong><span>Download the 9NEWS App here via</span></strong></em><span> 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