Real Estate

TERMINUS ‘GHOST’ PUB TO LIVE AGAIN

Posted on October 5th, 2016 by Clyde Mooney
Sydney’s time-capsule Terminus Hotel is preparing to reopen, after 30 years of slumber. The Federation style pub on Harris Street, Pyrmont ceased trading in 1986 when the enigmatic Isaac and Susan Wakil purchased and promptly closed it. It has remained

LANTERN TAKE ‘BEST OFFER’ FOR CENTRAL QUEENSLAND PUB

Posted on September 30th, 2016 by Clyde Mooney
Lantern has taken the money and run, “meeting the market” for the deeds on its Bundaberg freehold to complete the exit from Queensland. In June, ASX-listed Lantern (LTN) listed the freehold going concern of the Central Hotel, Bundaberg, in a

SOLOTEL GETS $60m FOR ALBION HOTEL LANDMARK

Posted on September 28th, 2016 by Clyde Mooney
Bruce Solomon’s Solotel has achieved its second big-ticket sale and lease-back, settling on a bid of $60 million for the land holding of its Albion Hotel in Parramatta. The generous 3,135 m² block on the corner of George and Harris

LAUNDY ADDS TO COAST COLLECTION WITH SWANSEA

Posted on September 26th, 2016 by Clyde Mooney
The Laundys have acquired the large-format Swansea Hotel in Lake Macquarie for an A-grade price of $13 million from the Bernie family. The two-storey Hotel sits on 3,235 m² on the main street of Swansea – the gateway to NSW

FOOTY LEGEND TO TAKE OVER CREMORNE HOTEL

Posted on September 23rd, 2016 by Clyde Mooney
Geelong star Billy Brownless has bought the Cremorne Hotel in his old team’s heartland from long-time owner Grant Ryan. Located at 336 Pakington St, Newtown, the Cremorne boasts a large bar, beer garden, TAB and Keno, lounge and function areas

LAUNDY DOUBTFUL OF REDCAPE PURCHASE

Posted on September 21st, 2016 by Clyde Mooney
Pub giant and active transactor Arthur Laundy has quashed rumours he is close to buying the $700 million Redcape portfolio. As the Australian pub industry waits with bated breath the fate of the New York hedge-fund-owned collection of big-performance gaming

COLES LANDLORD HPI SELLS

Posted on September 21st, 2016 by Clyde Mooney
Listed landlord to ALH and Coles pubs HPI has divested the Payneham Tavern to an unnamed Sydney investor. The Payneham Tavern and Liquorland drive-thru bottleshop are tenanted by Coles on a 20-year lease plus two ten-year options, with built-in annual

COMMODORE SETS SALE AS LANTERN PLOTS COURSE FOR EXIT

Posted on September 19th, 2016 by Clyde Mooney
The compelling Lantern Hotel Group has put to market one of its final non-core hotels, as it asks shareholders to ponder selling up the lot. The 150-year-old Commodore Hotel – originally the First Old Commodore, and rumoured favourite haunt of

UPDATE: LONDON HOTEL FAILS HERITAGE APPLICATION

Posted on September 19th, 2016 by Clyde Mooney
[caption id="attachment_6178" align="alignright" width="374"] London Hotel, Port Melbourne. Image courtesy State Library of Victoria[/caption] A 139-year-old pub in Port Melbourne has lost another battle in the attempt to save it from the wrecking ball. Plans by the freehold owner, a