Real Estate

GREAT WESTERN SUCCUMBS TO COVID

Posted on June 17th, 2020 by Clyde Mooney
Despite recent high hopes to soon be back in the saddle and serving up good times, yesterday the time-honoured Great Western Hotel in Rockhampton announced it will not be reopening due to the pandemic shutdown and downturn. Established 1862, the

CESSNOCK’S ROYAL OAK IN RECEIVER SALE

Posted on June 15th, 2020 by Clyde Mooney
The regal Royal Oak Hotel Cessnock is for sale under instruction by forensic accountants, following a stoush with the ATO and massive tax bill. Doctor-publican John Harvey purchased the prominent two-storey brick pub in 2011, sharing resources with his dental

GREAT SOUTHERN PORTFOLIO SALE

Posted on June 12th, 2020 by Clyde Mooney
After a quarter-century of local consolidation, the Murray family is selling up its portfolio including the Great Southern Hotel, in the south coast town of Eden. The family bought into Eden in 1984. The handsome two-storey Great Southern (GSH) enjoys

UNIVERSAL HOTELS LAND THE NEW THE MILL

Posted on June 10th, 2020 by Clyde Mooney
The Kospetas family’s Universal Hotels has won the race into the new pub below the latest high-end development in Bondi Junction, soon to be opening a new incarnation of The Mill. The former Mill Hill Hotel, on the corner of

SALE ON FOR MITCHELL RIVER TAVERN

Posted on June 10th, 2020 by Clyde Mooney
The Mitchell River Tavern in Bairnsdale is being sold as a freehold going concern, as the long-time owner of the pub under management determines it is time to move on. The Victorian-era two-storey Tavern is located a stone’s throw from

FITZROY FGC GOES TO EXPANDING NEW LOCAL

Posted on June 3rd, 2020 by Clyde Mooney
Luke Ainscough has expanded his Windsor region collection, taking the re-stapled freehold going concern of the well-known Fitzroy Hotel. The Fitzroy was established around 1852 on a generous 1,319sqm site in the heart of Windsor’s retail and commercial zone. The

BRIGHTON IN NEW HANDS AGAIN

Posted on June 3rd, 2020 by Clyde Mooney
The Brighton Hotel in Mandurah has kick-started real estate transactions again in Western Australia, selling to a local syndicate and operators as the State’s pubs reopen this week. Mandurah is WA’s largest regional city, found around 70 kilometres south of

REILLY PUTS HENSON OUT TO DORE

Posted on May 29th, 2020 by Clyde Mooney
Inner west legend Ray Reilly has done a deal to divest his ‘ray of sunshine’ The Henson, passing his beloved baton to long-time cohort Ged Dore as part of a new partnership. The pub, previously known as the Henson Park

MALONEY LISTS ST JAMES FREEHOLD

Posted on May 18th, 2020 by Clyde Mooney
Publican Kim Maloney OAM has listed two freehold assets in Sydney’s CBD, behind and above his St James Hotel, with sources suggesting market expectations circa $60 million. The long-time publican and son of industry legend Cyril Maloney bought the freehold

CONTI SOLD AGAIN TO ANOTHER DEVELOPER

Posted on May 15th, 2020 by Clyde Mooney
The heartbreaking saga of the restoration of Sorrento’s magnificent Continental Hotel has reached another milestone, with prominent Melbourne developer Trenerry Property Group ready to settle on the latest deal. Bought years ago by Melbourne hotelier Julian Gerner, the four-storey limestone