Shed a tear, fairy bread fans. Woollahra's favourite spot for a bacon, maple and pumpkin brunch tart, brioche topped with caviar and chives or a tasting menu with duck hearts and dashi is closing its doors on Sunday, August 2.

The Pinbone site is owned by restaurateurs James Hird, Todd Garratt and Traci Trinder, who recently sold their other Woollahra ventures, Wine Library and Vincent, to pursue other interests. Pinbone was rumoured to follow suit.

Pinbone chef Mike Eggert says he hopes to re-open once a new location is found.

"We were offered the site," Eggert says. "But after 18 months of running Pinbone in that location, we thought we could move it somewhere closer to the city and have a bit more success."

Eggert says he and Pinbone partners Jemma Whiteman and Berri Eggert might open more than one new venue.

"We've kind of established two brands, which is the brunch brand and the dinner brand," Eggert says. "While it's been fun doing both out of the same location, we'd definitely like to separate the two."

It's too early to know when the new Pinbone(s) will open. For now Eggert says the team is gearing up for the big, last service before packing up and taking a bit of a holiday.

Good Food has contacted Trinder for details on the future of the Pinbone site.