Real Estate

ICON ISLAND HOTEL SALE PROMPTS ‘FLOOD’

Posted on October 19th, 2015 by Clyde Mooney
The signature hotel of one of Queensland’s holiday meccas has hit the market, prompting a flood of enquiries from “everywhere”. Residing on a strip of sand in the Coral Sea, around 30 kilometres south-east of Brisbane, North Stradbroke Island is

UPSIDE SEES $773m BID FOR ALH LANDLORD REJECTED

Posted on October 16th, 2015 by Clyde Mooney
The largest shareholder of the largest landlord to Australian Leisure & Hospitality (ALH) made an unsuccessful takeover bid on Wednesday. The ASX-listed ALE real estate investment trust (REIT) consists entirely of a $900 million portfolio of properties, exclusively rented to

HOT PROPERTY INNER-WEST PUB ENTICED TO MARKET

Posted on October 16th, 2015 by Clyde Mooney
Another prized Sydney freehold has come up for sale, in direct response to market demand. In the heart of the trendy, inner-west suburb of Stanmore, the Salisbury Hotel has targeted “family-friendly”, with strong food and bev trade, gaming and TAB,

“LUCKY” GAMING PUB HITS MARKET

Posted on October 16th, 2015 by Clyde Mooney
Budding top gaming pub the Lucky Australian is being sold by receivers amid the fallout from Court proceedings and other complications surrounding the divorce of one of the owners. The Lucky occupies a large, prominent block, with plenty of upside

WAUGH’S PHMG SECURES ANOTHER EAST-SYDNEY PUB ICON

Posted on October 14th, 2015 by Clyde Mooney
  Mitchell Waugh’s newly-formed Public House Management Group (PHMG) has bought the first pub sold by the Ryan Family since 1992. Purchased by John and Sally Ryan in 2011 for around $15 million, the famous Woollahra Hotel – home of

4 IN HAND FOR SALE AS MARKET SOARS

Posted on October 12th, 2015 by Clyde Mooney
Sydney’s famous gastro pub the Four In Hand is up for sale, as the owners are tempted by the booming market. The freehold going concern of the Paddington landmark is on the market for the first time in over a

CHINESE INVESTOR SAILS INTO SOUTH COAST HOTEL

Posted on October 12th, 2015 by Clyde Mooney
The ASX-listed Abacus Property Group has divested an underperforming NSW South Coast asset, as opportunities continue to flow from China. The Mariners Waterfront Hotel is located on 5393 m² of prime frontage onto Bateman’s Bay, with development opportunity and favourable

DEVELOPER-READY IRISH PUB TO GO UNDER THE HAMMER

Posted on October 9th, 2015 by Clyde Mooney
Hotel investors are likely to battle developers at the pending sale of popular Melbourne pub Bridie O’Reilly’s. The freehold of a generous block in Brunswick will go to auction later this month, boasting Commercial 1 zoning and the successful Bridie

INVESTOR SNAPS UP SYDNEY HOTEL FOR $18.5M

Posted on October 7th, 2015 by Clyde Mooney
The $18.5 million sale of the Bounce Backpackers hotel continue the run of offshore investment dollars that have seen Australia rank second in the Asia-Pacific region for hotel transactions. The five-star hotel is located opposite Sydney’s Central Station, with a