Real Estate

BRISBANE ‘TROPHY’ PUB LATEST TO HIT MARKET

Posted on September 2nd, 2016 by Clyde Mooney
Real estate market mania continues to see hot property sent to market, now including operator and developer target, North Brisbane’s large-format Homestead Tavern. Located on a generous 7,550 m² block in beachside Boondall, the vendors have executed regular renovation to

LOCAL WINS BATTLE FOR GRAVILLIS’ KEMPSEY PUB

Posted on August 31st, 2016 by Clyde Mooney
Hotel Kempsey has joined the ranks of hot property coastal pubs to change hands, with a local expanding publican beating out the metropolitan groups. The family of Peter Gravillis listed the popular local in June, after nearly 30 years owning

HOT WATERLOO PUB ON OFFER

Posted on August 29th, 2016 by Clyde Mooney
Owners of Waterloo’s Grosvenor Hotel have put it to market, citing what happens to all good things for the popular corner pub. Two business partners, former Coca-Cola Amatil executive Denis Hickey and corporate identity Warwick Negus, have listed the freehold

WOW FIGURES SHED LIGHT ON ALH DILEMMA

Posted on August 26th, 2016 by Clyde Mooney
Australia’s biggest pub operator is the crux of a profitability dilemma for its majority owner Woolworths, as the supermarket giant weighs up bottom line and a PR crisis. Woolworth Limited (ASX: WOW) yesterday announced its full year results for FY16,

BUYERS ‘TUSSLE’ AS HOTELS SELL LIKE HOTCAKES

Posted on August 26th, 2016 by Clyde Mooney
The perfect storm is driving coastal and regional popularity and sharpening yields, and pubs in growth areas have never been more in vogue. Hotel Cessnock is the latest in a trail of assets scooped up by strong operators and prudent

FIGURES SHOW LIGHT AT END OF TURNAROUND TUNNEL FOR LANTERN

Posted on August 24th, 2016 by Clyde Mooney
The demonstrable turn-around of listed pub group Lantern has been seen in the company’s end of financial year report. Having announced plans to execute a formal ‘Transformation Plan’ (see below) at the end of 2015, the resulting changes to revenue

JONES’ CORNER MARKET IN MENTONE PUBS

Posted on August 24th, 2016 by Clyde Mooney
The Bay-side suburb of Mentone will be welcoming new owners to its only pub – the Corner Store – as the Joneses look to keep up with the potential. Mentone is around 20 kilometres south of the Melbourne CBD, and

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