Real Estate

AVC BUY FOUR FREEHOLDS FROM LANDLORD HPI

Posted on March 22nd, 2024 by Clyde Mooney
ASX-listed HPI today announced it has entered a binding agreement to sell four of its hotels to its major tenant, Australian Venue Co, for a total of $48.6 million. Set to occur in two tranches, the four properties comprise three

MERIVALE’S MELBOURNE MANOEUVRES

Posted on March 18th, 2024 by Clyde Mooney
Merivale’s move into Melbourne is under fire, with reports the extensive plan for Tomasetti House is struggling to meet its anticipated opening for this year as the bar-tzar feels the operational pinch. Early 2021 Justin Hemmes’ group shelled out around

BLACK RHINO BACKS UP IN THE SUNSHINE STATE

Posted on March 15th, 2024 by Clyde Mooney
Dave Tomsic’s Black Rhino Group has continued its run into Queensland, picking up Irvin Hotels’ long-held Overlander Hotel in Mount Isa. Set on a large-format site on main drag Marian Street through Mount Isa’s Townview, the pub counts 40 EGMs,

ARMIDALE’S WICKLOW ON THE BLOCK

Posted on March 13th, 2024 by Clyde Mooney
The old girl of Armidale is being sold by a private investor as a freehold going concern, offering a sprawling regional business underpinned by retail tenants. Originally known as the Armidale Hotel, the Wicklow Hotel is the oldest licensed establishment

WATERLOO’S DUKE LOOKS TO A NEW BEGINNING

Posted on March 13th, 2024 by Clyde Mooney
The former Duke of Wellington in Waterloo is being sold as a strata commercial property, with option to reinstate the pub or find alternate use. Billed as a rare opportunity in the heart of a vibrant and rapidly evolving suburb

HOTELS FOR SALE IN BALLARAT AND DENILIQUIN

Posted on March 13th, 2024 by Clyde Mooney
The leasehold interest in the Provincial Hotel in the heart of Ballarat is being sold by Private Treaty. The historic hotel, built 1909, resides in the prestigious Lydiard Stret precinct. Previously known as Irwins Hotel, it was operated by Simon

TUMBY PUB HITS THE MARKET

Posted on March 11th, 2024 by Clyde Mooney
The character-laden Tumby Pub in the NSW northern rivers is being sold by private owners, as they exit the game. Located on the banks of the Tweed River, between Coolangatta and Byron Bay, and enjoying view of Mt Warning, the

RAMIAS LET LOOSE THE SPHINX

Posted on March 8th, 2024 by Clyde Mooney
After more than half a century at the helm, the veteran Ramia family is looking to leave its prized, landmark Sphinx Hotel in Geelong. Owner George Ramia started working at the venue on Thompson Rd when he was just 14

NORTH BYRON’S SUN STEPS INTO THE LIGHT

Posted on March 8th, 2024 by Clyde Mooney
Winchester Group is offering the large-format North Byron Hotel, in the northern NSW mecca. Formerly known as the Sun Bistro, it is the largest single pub site in the precinct, located adjacent to award-winning resort Elements of Byron and Belongil

MELBOURNE HISTORIC LEASE ON OFFER

Posted on March 4th, 2024 by Clyde Mooney
The Melbourne hospitality landmark formerly known as Oddfellows Hotel is being offered for lease, marketed as a chance to be part of the city’s celebrated dining landscape in one of its oldest surviving buildings. Vendors ISPT have put up the