Mr Dadon, a property developer and keen jazz guitarist, opened Bird's Basement, a venue based on the legendary Manhattan club, Birdland, in the centre of Melbourne in 2016.

"The idea is to do something like Bird's Basement in Sydney," he said. "It would be good to have a place where there is a hotel in close proximity or the bar of a hotel above the club.

"It's a tough space but we are doing it well in Melbourne and we think we can do it well in Sydney."

Mr Dadon, also a prominent Israel lobbyist who has hosted former prime minister Kevin Rudd and many other political leaders on trips, said the purchase was a commercial decision but also reflected his passion.

"It makes sense to give the artists we bring to Bird's Basement a second place where they can also stop," he said. "There is a bit of an economy of scale so you can say that it is the mind but as far as the heart – music is an affair of the heart."

Now Mr Dadon has put out a call to city-centre businesses who may want to host the new venue.

"If you are a landlord and you have a space, a basement or even a ground floor, we want to hear from you," he said. "If it's a hotel that wants to have that kind of space. We want to hear from you. We're appealing to Sydney to help us find a space."

And, while the address of the new club is yet to be determined, Mr Dadon had good news for music fans who over the years have endured The Basement's lacklustre menu.

He claimed the food at the new club would be "second to none".