Brisbane identity Mick Power has put to market his beloved D’Arcy Arms Irish pub in Surfers Paradise, with additional land and development opportunity.
The D’Arcy and an adjoining property, currently used for parking, are on a 3154sqm site on the Gold Coast Highway that enjoys no height limit.
The Gold Coast strip is already a hotbed of development for residential, tourism and mixed-use commercial properties. As such, the D’Arcy site is being marketed as candidate for a tower property.
Launched by Roy D’Arcy in 1988, the pub services patrons to ‘Eat Drink Sleep’ at its themed public bar – boasting claim to have been the first pub in Australia to pour Guinness on tap – its Irish restaurant, serving “authentic Irish fayre”, and its well-appointed motel rooms.
Power’s BDM Group bought the D’Arcy Arms in 2004, and he recalls more than a few nights joining the craic reverie and jumping in behind the bar, often dressed down by the bar manager for giving away too many beers.
A big player in Brisbane’s construction industry, the 71-year-old Power was planning to develop the site himself, but changed his mind.
He recently sold another nearby beachfront site for $30 million.
BDM has engaged CBRE Gold Coast’s Mark Witheriff and Daniel Doran, and CBRE Hotels’ Paul Fraser to market the asset and opportunity, via an Expressions of Interest campaign, closing Wednesday, 6 October.
