Real Estate

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

TATTERSALLS LITHGOW TO RECEIVER AUCTION

Posted on October 6th, 2017 by Clyde Mooney
Against the trend in a booming industry, the receiver sale of Lithgow’s Tattersalls Hotel has emerged, the neglected property and stalled business heading to auction. The freehold of the Tattersalls was bought around a decade ago by the incumbent, offering

ASHEMORGAN EXITS BRISBANE WITH SALE OF DARLING & CO

Posted on October 6th, 2017 by Clyde Mooney
Property investment specialist AsheMorgan has listed the popular Darling & Co in Brisbane’s trendy Paddington precinct, as it exits pubs in the capital. AsheMorgan is a real estate investment and advisory group founded in 1987 that seeks rewarding opportunities to

CAPTAIN COOK SET TO SALE

Posted on October 4th, 2017 by Clyde Mooney
Paddington’s Captain Cook Hotel opposite Allianz Stadium has come to market, as the operators look to new projects in development. The Captain Cook has stood since 1882 at the intersection of Flinders St and Anzac Parade, where eastern suburbs arterial

TURVEY TAVERN BACK IN LOCAL HANDS

Posted on September 29th, 2017 by Clyde Mooney
The Turvey Tavern is back in the hands of a loving local, a new partnership buying the Wagga landmark for $5.6 million. A syndicate of private investors headed by David Friedlieb and Peter Douglas have owned the pub for around

OPEN ARMS AND EUMUNDI LAND $13m PLOUGH INN

Posted on September 29th, 2017 by Clyde Mooney
ASX-listed Eumundi Group Limited has partnered with the new Open Arms Hospitality Group in purchase of the long lease of Brisbane’s historic Plough Inn for $13.1 million. The Plough Inn first opened in 1885, and overlooks the winding Brisbane River.

HOTEL PALISADE SOLD AGAIN FOR $30m+

Posted on September 27th, 2017 by Clyde Mooney
The sleeping beauty Hotel Palisade has been sold again for a hot market top-dollar price, less than two years after it reawakened from eight years closed and two renovations. A hotel was first built on the Millers Point site of