Real Estate

PORT MELBOURNE’S MARDO’S HOTEL SOLD TO HACKS

Posted on October 16th, 2017 by Clyde Mooney
The magnificent Mardo’s Hotel has been sold to an up-and-coming craft beer operation, with plans for space for hacks and some onsite-brewing. After coming to market earlier this year, the 1860-built Mardo’s in Port Melbourne saw a lengthy sales process

GOLD COAST PUB & BOTTLE SHOPS ON OFFER

Posted on October 13th, 2017 by Clyde Mooney
The Gold Coast’s Currumbin Creek Tavern has come to market, with a big footprint and four associated bottle shops. The Currumbin pub was purpose-built by owner and vendor Tony Condon on a 1,610sqm block off the Gold Coast Highway, minutes

MOXHAMS LIST ROYAL MUSWELLBROOK

Posted on October 13th, 2017 by Clyde Mooney
The Moxham’s have listed their underperforming Royal Hotel in the heart of Muswellbrook, as the asset needs some TLC and they look to wind down for a while with the kids. Located around 120 kilometres north-west of Newcastle, 240 north

MERIVALE TAKES ON VIC ON THE PARK

Posted on October 11th, 2017 by Clyde Mooney
Merivale has furthered its inner-west presence with the $22+ million purchase of APF’s Vic on the Park in Marrickville. John Singleton, Geoff Dixon and Mark Carnegie’s Australian Pub Fund (APF), backer to Riversdale, has been selling down its high-value portfolio,

BONDI’S ROYAL HOTEL SEEKS NEW OWNER AFTER 40 YEARS

Posted on October 11th, 2017 by Clyde Mooney
After “years of unsolicited approaches” Geoff Moulding is selling his big-potential Royal Hotel, overlooking Bondi Beach. The Royal is a Bondi Road staple, with a long history in local folklore and ownership. In 1907 the founding meeting of the historic

BLUE MOUNTAINS PORTFOLIO FOR SALE

Posted on October 9th, 2017 by Clyde Mooney
Private family operators have put to market their Blue Mountains pubs the Katoomba and Alexandra Hotels, as they look to retirement. The Katoomba Hotel was first built in 1881, and the current structure in 1918. It thrived during the area’s

ROYAL HOTEL SUNBURY INVESTMENT WITH 51-YEAR LEASE TO ALH

Posted on October 9th, 2017 by Clyde Mooney
The freehold interest of the Royal Hotel in Sunbury has come to market, with a coveted lease to Australia’s biggest publican, ALH, and land bank just forty kilometres from the CBD. The Royal Hotel is triple-net leased to Australian Leisure

SOUTH MELBOURNE’S HISTORIC WATER RAT TO MARKET

Posted on October 9th, 2017 by Clyde Mooney
South Melbourne’s historic Water Rat Hotel is on the market, with a short lease and favourable zoning and development potential on the 1858 property. Druids Hotel was the original to open on the prominent corner of Park and Moray Streets,

ALE TESTS MARKET WITH BERWICK

Posted on October 6th, 2017 by Clyde Mooney
In a market probing for opportunity, Australia’s biggest pub landlord is testing the waters with one of its prized ALH-leased properties, Paddington’s Berwick Hotel. The ASX-listed ALE (ASX: LEP) holds a portfolio of 86 properties across the five mainland States,

SCHWARTZ PUTS UP $80m OF MELBOURNE HOTELS

Posted on October 6th, 2017 by Clyde Mooney
The Schwartz family has listed two big Melbourne investment properties, including the city’s oldest pub – Dixon Hospitality Group’s Duke of Wellington. Melbourne freeholds continue to lead the charge on yield benchmarks, averaging below six per cent and dipping below