Real Estate

ROYAL RICHMOND TO MARKET HERALDS RUSSELL RETIREMENT

Posted on August 16th, 2017 by Clyde Mooney
Mal and Debra Russell are parting with their Royal Hotel in Richmond, presenting a famished market one of the best gaming opportunities to date this year. The Royal Hotel occupies a generous 1,760sqm block on the prominent corner of main

THE LIBRARY SALE COLLECTS $4.6m

Posted on August 16th, 2017 by Clyde Mooney
Perth institution The Library has changed hands for the first time in 34 years, the freehold going concern fetching $4.6 million. Entertainment Enterprises have owned the two-storey freestanding venue in Northbridge since 1983, purchasing it as Hannibal’s nightclub. The group

MERIVALE GRABS COLLAROY ‘PAVILION’: HEMMES

Posted on August 14th, 2017 by Clyde Mooney
Justin Hemmes says Merivale has strengthened its northern beaches “destination” portfolio with the $21m purchase of Mitchell Waugh and PHMG’s The Collaroy. Speaking with PubTIC, Hemmes explained how The Collaroy feels like an opportunity he has had before. “I think

REDCAPE VESTIGES IN $24m ALL SEASONS SALE

Posted on August 11th, 2017 by Clyde Mooney
Redcape has completed the sale of its very large-format All Seasons Quality Hotel in Bendigo for around $24 million, completing a process begun before Moelis bought the balance of the portfolio in June. Occupying 3.56 hectares on McIvor Highway in

EAST BRUNSWICK HOTEL READY TO FIRE

Posted on August 9th, 2017 by Clyde Mooney
A Brunswick blank canvas has hit the market, offering a rare opportunity in Melbourne’s tightly-held freehold market. Occupying a commanding corner of Lygon Street, the Victorian Classical-design East Brunswick Hotel (formerly the East Brunswick Club Hotel) is a classic Victorian

GOOD TIMES AT ALH’S LISTED LANDLORD ALE

Posted on August 9th, 2017 by Clyde Mooney
ALE has posted its annual results, with its nine per cent valuation lift and profit increases boding well for the pub industry. Listed ALE (ASX: LEP) is the largest landlord to Australia’s largest pub group, ALH, owned by Woolworths and

TAVERN COMPLEX FETCHES GOLD COAST PRICE

Posted on August 9th, 2017 by Clyde Mooney
As the Gold Coast gears up in anticipation of hosting the Commonwealth Games next April, the Merrimac Tavern freehold and complex has sold on a strong yield to a local investor. The lot at Merrilaine Cres, Merrimac, comprises the popular

‘BLANK CANVAS’ GATEWAY LOOKS TO NEW DIRECTION

Posted on August 7th, 2017 by Clyde Mooney
One of Newcastle’s most colourful and full of promise pubs has hit the market, offering “untapped potential” to a serious operator. Sitting resplendent on a prominent corner of Maitland Road in Islington, the Gateway has been operated by a local

NOWRA TAVERN TO MARKET AS SYNDICATE RETURNS NORTH

Posted on August 4th, 2017 by Clyde Mooney
The large-format North Nowra Tavern south of Sydney has hit the market, as its Brisbane-based owners exit NSW and look to the interests of expansive city groups. Occupying a big 6,019m² block next to a retail centre, the North Nowra

McGUIRES UNLEASH EXPANDED ALEXANDRA HILLS

Posted on August 4th, 2017 by Clyde Mooney
The Brisbane-based McGuire family has completed another big pub expansion, unveiling its new construction at the Alexandra Hills Hotel. Alexandra Hills is in Brisbane’s south-east, around 20 kilometres from the CBD. Located on a sprawling site on Route 22 to