Real Estate

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

COUGHLAN LOOKS TO EXIT WITH PUB SALES

Posted on February 4th, 2019 by Clyde Mooney
High-profile publican Paddy Coughlan has put his portfolio of two pubs to market, looking to focus on his push into producing Frank Strong’s alcoholic lemonade. Coughlan has enjoyed a rise to prominence in the industry, largely through his role creating

PALACE OF PRISCILLA – UP FOR GRABS

Posted on February 4th, 2019 by Clyde Mooney
The iconic Palace Hotel of Broken Hill has come to market, boasting more sass and success than ever and Australia’s only full-time 2-up licence. The Palace is cultural centrepiece to the outback legend of Broken Hill, a leisurely 1,144 kilometres

COOPERS HOTEL SELLS TO NEWCOMER

Posted on February 1st, 2019 by Clyde Mooney
Newtown stalwart the Coopers Hotel has sold to new entrants to the sector, with Matt Williams’ King Tide group taking on their first pub for around $13.5 million. Strategically located at the northern end of King Street, just a few

AUSSIE NOMAD SEEKS NEW MASTER

Posted on January 30th, 2019 by Clyde Mooney
The sprawling Aussie Nomads hotel facility in thriving Bowen has come to market, offering a diverse business in a region bursting with tourism, agriculture and mining. Bowen is situated in the north of the Whitsundays – gateway to the Great

ROYAL HOTEL ENTERS RELUCTANT SALE

Posted on January 23rd, 2019 by Clyde Mooney
The high-performing Royal Hotel in Inverell has hit the market, as its owner-operator looks to exit the industry for health reasons. Inverell is a thriving agricultural town of over 16,000 people around seven hours’ north of Sydney, slightly off the