The Annandale, one of Sydney's most historic live music venues, is reportedly going into receivership.

Triple J radio is reporting that guests attending a private farewell party at the venue last night were told the owners were expected to hand over the keys to the bank this afternoon.

The Annandale Hotel has been a staple of the Sydney live music scene since the 1980s but in recent years its struggled with debt and noise complaints.

Triple J says it has been in contact with the Annandale and an official comment from the owners is expected sometime this afternoon.