Real Estate

PADDINGTON’S ‘NASH’ SNAPPED UP

Posted on May 22nd, 2015 by Clyde Mooney
The freehold of Paddington’s iconic Grand National Hotel has sold, as investor appetites broaden. Tenanted by Lance Burrowes’ LJB Hotels on a long-term lease, the “Nash” Hotel is in fact one of the largest single land holdings in the highly

HERITAGE HOTEL FALLS UNDER THE HAMMER

Posted on May 20th, 2015 by Clyde Mooney
A classic Queensland beauty will sadly go under the hammer next month, following Cyclone Marcia and a shift in the tides of fortune for the owner. Will Fowles bought Rockhampton’s Heritage Hotel in 2005, and survived several swings in the

AFL STAR SELLS MELBOURNE PUB

Posted on May 18th, 2015 by Clyde Mooney
Former AFL star Corey McKernan has sold his Melbourne pub as other business interests grow. The Prince Alfred Hotel in Port Melbourne was built in the late 1800s and is described as “a beautiful, character-filled property”. “We had some really

OLDEST PUB IN BRITAIN FOR SALE

Posted on May 18th, 2015 by Clyde Mooney
A pub claiming to be the oldest in Britain is up for sale. Built in 825AD, The Cridford Inn has resided for over 1,000 years in the village of Trusham, in the Teign Valley. It holds a strong claim to

TWIN GAMING PUBS FOR SALE AS ‘OPPORTUNITY BECKONS’

Posted on May 13th, 2015 by Clyde Mooney
Two big gaming pubs in Sydney’s west have hit the market as the Feros Group ‘swaps opportunities’. Operating five large format pubs, the family-run Feros Group has honed in on successes in foodservice, these days plating up over 15,000 mains

‘TROPHY’ PUB SMASHES PRICE EXPECTATIONS

Posted on May 13th, 2015 by Clyde Mooney
The auction of “trophy asset” the Imperial Hotel smashed price expectations, as Victoria’s hot commercial market sees values rise and yields fall. Located across from Parliament House, and a popular haunt for off-duty politicians, the sale of the exquisite 1858

LIGHT BRIGADE HITS MARKET RUNNING AMID BIG POTENTIAL

Posted on May 11th, 2015 by Clyde Mooney
One of the best-known pubs in Sydney’s Paddington has hit the market, as development in the area and market conditions prove irresistible. Speaking with PubTIC, long-time operator of the Light Brigade Hotel, Dean Haritos, said the temptation to test the

UPG SEEKS CAPITAL FOR EXPANSION PLANS

Posted on May 11th, 2015 by Clyde Mooney
The Urban Purveyor Group is planning “aggressive” growth likely to see initiatives such as the franchising of its popular Bavarian Bier Cafes. Late 2014 UPG appointed veteran Tom Pash as CEO, with founder John Szangolies assuming the role of executive

LEAGUE LEGEND SELLS GONG LOCAL

Posted on May 8th, 2015 by Clyde Mooney
After 24 years of ownership, former rugby league great Craig Young has sold his Wollongong pub. Young played as prop-forward from 1977 to 1988 for the St George Dragons, which included two Premiership wins, including one as Captain at age

ROYAL EXCHANGE TO CHANGE HANDS

Posted on May 8th, 2015 by Clyde Mooney
Windsor’s The Rex has hit the market as perhaps the best-value sale of the year to date. Offering potential highlighted by 15 indoor EGMs and “extensive outdoor area” on a generous block, the 20-year leasehold of the Royal Exchange Hotel