Real Estate

ALE FY18 RESULTS MEASURE CONTINUED SUCCESS IN PUB BUSINESS

Posted on August 10th, 2018 by Clyde Mooney
ALE’s results for FY18 herald continued strength in the Australian pub sector, showing strong valuations, record low debt and market-leading returns for investors. Listed entity ALE (ASX: LEP) is the biggest landlord to Australia’s biggest publican, the majority Woolworths-owned Australian

ALL-NEW KANDANGA HOTEL TO AUCTION

Posted on August 8th, 2018 by Clyde Mooney
Less than three years after it was levelled by fire, the Kandanga Hotel is rebuilt and better than ever and on the market as battlers Doug and Carol Greensill look to move on. The historic Kandanga Hotel in the south-east

MARY ELLEN SOLD

Posted on August 8th, 2018 by Clyde Mooney
Newcastle’s Mary Ellen Hotel has been sold by its newcomer local owner to private hotel investors. Merewether resident Adam Sherman purchased the Mary Ellen off-market late 2016, bringing extensive hospitality and business experience including decades owning and operating multiple McDonalds

LOCAL NEWCOMER BUYS HAWKESBURY’S CLARENDON TAVERN

Posted on August 6th, 2018 by Clyde Mooney
Adam Derwin has sold his large-format Clarendon Hotel freehold going concern to an industry newcomer for $6 million. The heart of Clarendon resides on the corner of Hawkesbury Valley Way and Racecourse Road, which leads into Hawkesbury Race Club. The

CLG’S LUCKY COQ TO MARKET

Posted on August 6th, 2018 by Clyde Mooney
The freehold interest of Colonial Leisure Group’s popular Lucky Coq is for sale, offering a prized lot five kilometres from the Melbourne CBD with certified earnings for the next dozen years. Colonial Leisure Group (CLG) operate 10 venues across Victoria,

BIG SHELLHARBOUR GREENFIELD TAVERN ON OFFER

Posted on August 3rd, 2018 by Clyde Mooney
The Waterfront Tavern within the $2.3bn Shell Cove development at Shellharbour is open for offers, providing rare opportunity for a greenfield oceanfront freehold in the NSW south coast resort community. Shell Cove is a joint venture between Frasers Property Australia

FREMANTLE INSTITUTION THE ESPLANADE HOTEL TO MARKET

Posted on August 3rd, 2018 by Clyde Mooney
The stunning Esplanade Hotel property has been put to market by Primewest, offering one of Perth’s premier accommodation and conference venues and development potential, with price tag believed to be north of $100 million. The historic Esplanade Hotel, on the

REDCAPE SELL BELROSE BACK TO THE BAYFIELDS

Posted on August 1st, 2018 by Clyde Mooney
Redcape has continued its portfolio reshuffle, selling the big Belrose Hotel back to the Bayfields. A classic suburban pub in the heartland of the northern beaches peninsula, the Belrose Hotel has seen generations of locals passing time on its generous

BLUE BROTHERS PART WITH KIAMA INN

Posted on August 1st, 2018 by Clyde Mooney
The Blue brothers have parted with their long-held Kiama Inn Hotel in the jewel of the Illawarra. The large-format Kiama Inn opened in 1888 as Tory’s Hotel, named after local colonial publican George Tory. Still sporting the embossed name on

THE SAINT FOR SALE AS ST KILDA RESURRECTS

Posted on August 1st, 2018 by Clyde Mooney
The freehold interest of St Kilda’s The Saint has come to market, leased to The Saint Brewing with strong opportunities in the bayside precinct. The handsome two-storey sandstone and steel hotel occupies a 496sqm block on Fitzroy Street St Kilda