Real Estate

NEW PETERSHAM INN MAKING WAVES IN WEST

Posted on August 22nd, 2016 by Clyde Mooney
Just eleven weeks into new operations, and the Petersham Inn is finding fortune in cheeky promotions and catering to its target audience. First-time hotelier Bianca McDonald took on the leasehold business in early June, advancing her years in pub operations

SHORT & O’HARA SNATCH TOORMINA FOR $10m

Posted on August 19th, 2016 by Clyde Mooney
Old mates Marty Short and Sean O’Hara have signed for the Toormina Hotel in Coffs Harbour as coastal pubs keep surfacing in a hot market. Toormina, a southern suburb of mid north coast hub Coffs Harbour, borders seaside playground Sawtell.

McPHEES RIDE WAVE OF COASTAL PUB LISTINGS

Posted on August 17th, 2016 by Clyde Mooney
Continuing the 2016 run on coastal pub properties, the County Club Hotel is for sale, with pundits expecting another example of sea-change investment by a savvy metro operator. After nearly 30 years’ ownership, the family company of logistic magnate Jay

SURRY HILLS CRAFT BEER ROYALTY COMES TO MARKET

Posted on August 15th, 2016 by Clyde Mooney
As strong market conditions continue to drive sales and purchases of prized pubs, craft beer mecca the Royal Albert is up for grabs. Located in the heart of Sydney fringe Surry Hills, near Central Station, the hotel embodies the beer

PINK PANTHER PUB (AND ZOO) FOR SALE

Posted on August 15th, 2016 by Clyde Mooney
A landmark Stuart Highway pub is on the market – complete with giant stubby of NT Draught, pensive Pink Panther and its own zoo. Barry Sharpe is the 74-year-old publican of the Larrimah Wayside Inn, around 500 kilometres south-east of

HEMMES RESCUES ALEXANDRIA HOTEL IN ‘SPUR OF THE MOMENT’

Posted on August 12th, 2016 by Clyde Mooney
After more than a year of outrage, inner-west residents are celebrating the news Merivale has bought and will reopen the landmark Alexandria Hotel. Development company Centennial Property Group purchased the hotel a couple of years ago, and in the first

PATONGA BEACH HOTEL NEXT BIG-TICKET WATERFRONT SALE

Posted on August 12th, 2016 by Clyde Mooney
Just 18 months after being bought by a local construction company, the idyllic seaside Patonga Beach Hotel is on offer to aspirational operators. Occupying a commanding 1540 m² of water frontage overlooking Patonga Beach, the hotel is just north of

DUCK INN OFFERED TO HUNGRY MARKET

Posted on August 10th, 2016 by Clyde Mooney
Amid a shortage of Sydney freehold opportunities, the Duck Inn has swanned onto the market with plenty of upside. The two-storey Duck Inn was built on 364 square metres of then very working class Chippendale, in around 1895. The suburb

ALE BASKS AS WOOLWORTHS SWEATS

Posted on August 8th, 2016 by Clyde Mooney
ALE EOFY results saw dividend increases and prosperity predicted to arise from growth and opportunities in partnership with ALH – backed by flustered supermarket giant Woolworths. In days since the announcement (ASX: LTN) ALE’s securities have remained steady around $4.34

ROMANO’S HOTEL FINDS NEW SUITOR

Posted on August 8th, 2016 by Clyde Mooney
Riverina landmark Romano’s at Wagga Wagga has transacted following rekindled negotiations with previous suitors. Long-time operator John Hussey determined to test the market for a sale mid-2015 and again in 2016 through Chris Tinning & Co. While a purchase price