Real Estate

PADDINGTON ALE HOUSE SEEKS NEW FUTURE

Posted on February 18th, 2019 by Clyde Mooney
Perth icon the Paddington Ale House has hit the market, as long-time operator Neil Randall enters a new phase of life. The handsome two-storey Mount Hawthorn pub was built 1932 on a large corner block on Scarborough Beach Road, with

TAPHOUSE LIST COOLANGATTA SANDS HOTEL

Posted on February 15th, 2019 by Clyde Mooney
The south-east Queensland-based Taphouse Group has listed its big Coolangatta Sands Hotel in the Gold Coast. The two-level Sands holds a generous corner lot, surrounded by tourism magnets such as Kirra Beach and Snapper Rocks, adjacent the bustling 33,000sqm Strand

SINGO & LAUNDY LIST HOTEL STEYNE

Posted on February 13th, 2019 by Clyde Mooney
Business titans Arthur Laundy, John Singleton, Mark Carnegie and Robert Whyte have put to market their iconic Manly beachside pub, The Steyne. The one-off partnership banded together to buy the big landmark hotel in 2010, working to revise its image

MURRAY MEN TAKE ON CROOKWELL’S COMMERCIAL

Posted on February 13th, 2019 by Clyde Mooney
Peter Griffiths has sold Crookwell’s stoic Commercial Hotel – aka the Horse & Hound – to three brothers Murray, ushering locals into the pub game. The two-storey brick pub on main street was built 1871 on a 1,141sqm block. It

LAWLESS LISTS THE LOT IN THE NORTH

Posted on February 11th, 2019 by Clyde Mooney
Career publican Brendan Lawless has put to market his NSW north coast portfolio, comprising the popular Commercial Hotel ‘Middle Pub’ Mullumbimby and Ivory Tavern in Tweed Heads. Lawless took root in the extremely tightly-held region when he bought the Commercial

ALH’S AUSTRAL HOTEL SELLS FOR $25m

Posted on February 8th, 2019 by Clyde Mooney
Charter Hall has continued its confidence in the pub sector with another big acquisition, of the ALH-tenanted Austral Hotel in Mackay for a reported $25 million. Charter Hall began its investment in blue-chip pub assets in 2014, acquiring a $600

COOEE BRINGS PUBLICAN BACK

Posted on February 8th, 2019 by Clyde Mooney
The only pub in St George’s Basin has sold, heralding a return by local operators David Kennerwell and Michael Lucas. The Cooee Hotel is central to the south coast town, owned by Philip Archer and operated by a tenant, leased

REVISION ‘LOOMS’ ON VALUES AND RENTS: FERRIER-HODGSON

Posted on February 8th, 2019 by Clyde Mooney
Ferrier Hodgson has issued a warning that pub rents in some states are headed for a “revision” as changing environments and uncertain property prices continue. David Kidman, Ferrier Hodgson (F-H) director in South Australia, posted a review of the sector

BIG NEWCASTLE SALES AS MIGRATION CONTINUES

Posted on February 6th, 2019 by Clyde Mooney
Newcastle region continues its run of hot sales, with two transactions totalling a reported $20 million in the Belmont Hotel and Salamander Tavern. The Belmont is a large-format hotel on a 3,753sqm prominent corner of the Pacific Highway and Hitchcock

VANDENBERG BEAUTY HEADS TO MARKET

Posted on February 6th, 2019 by Clyde Mooney
Forbes’ historic Vandenberg Hotel in central western NSW has come to market, as its long-time owners look to exit the game. The pub is the oldest in the proud town of Forbes, which is around 400-kilometres’ west of Sydney, and