Real Estate

BIG GUNS TAKE UP THE SUN IN BOOMING BYRON

Posted on April 16th, 2021 by Clyde Mooney
The Winchester Group has soaked up The Sun Hotel in Bryon Bay from the Flannery family’s KTQ Group for an undisclosed price. The rich-listed Flannery family built The Sun on a generous 7,653sqm freehold landholding near Byron Bay’s North Beach,

CRITERION GUNDAGAI ON THE ROAD

Posted on April 16th, 2021 by Clyde Mooney
The Hindmarsh family are looking to leave their beloved Criterion Hotel Gundagai, putting it to market amid the boom for strong regional pubs. Conveniently located around halfway between the capitals, Melbourne and Sydney, Gundagai is a NSW landmark of close

ROYAL FLUSH FOR QUINN & CO

Posted on April 14th, 2021 by Clyde Mooney
A posse of publicans led by Newcastle-based Nicholas Quinn have purchased both the freehold going concern of Taree’s Royal Hotel and passive freehold of the nearby Australian Hotel in Wingham. The Royal Taree is a classic regional watering hole, offering

GRAND GOES TO MORTGAGEE SALE AFTER SUDDEN CLOSURE

Posted on April 14th, 2021 by Clyde Mooney
The aptly named Grand Hotel of Bundaberg has come to market on behalf of a mortgagee in possession, shortly after closing less than a year since a major renovation. Image: Queensland Library The historic Grand occupies a large 2024sqm corner

WILLOW SALE IN TIGHTENING MARKET

Posted on April 12th, 2021 by Clyde Mooney
Peter Braithwaite has put to market his thriving Brisbane pub The Willow Hotel amid ongoing yield compression in the south-east Queensland marketplace. Located on a prominent corner block on bustling Beaudesert Road, The Willow is a modern suburban tavern over

ANOTHER WIN IN BATHURST

Posted on April 12th, 2021 by Clyde Mooney
There’s more fresh blood into Bathurst courtesy of the second sale in a week, in the freehold going concern of the big Elephant & Castle Hotel. The Elephant sprawls across its generous 1,067sqm corner block, providing a public bar, commercial

NON-BANK LENDERS BRINGING BIGGER SLICE OF PUB PIES

Posted on April 12th, 2021 by Clyde Mooney
As post-pandemic upset looms in the national market, the share of debt with non-bank lenders is predicted to surge in coming years, potentially becoming a critical component in new ownership structures. Analysis by consultancy firm Plan1 pits the market share

NEW INVESTMENT GROUP TAKES MPK PORT IN MASSIVE DEAL

Posted on April 9th, 2021 by Clyde Mooney
The whole freehold going concern portfolio of MPK Hotels’ NSW pubs has sold to newly-formed syndicate Investment Management Group Hotels in the biggest deal of 2021 to date.  MPK has divested the Royal Hotel at Orange, Dudley Hotel at Bathurst,

AVC PICKS UP A BIMBO

Posted on April 9th, 2021 by Clyde Mooney
Australian Venue Co has continued its rebound strategy, taking Fitzroy institution Bimbo from Colonial Leisure. The ‘Bimbo’ of Melbourne has been serving its famous low-cost pizzas and providing late-night entertainment courtesy of its 3am licence to an eclectic mix of

FORBES SYDNEY BACK TO LIFE AND TO MARKET

Posted on April 9th, 2021 by Clyde Mooney
The stately Forbes Hotel in the heart of Sydney is coming back to life and offering a new long-term lease. Set on a 149sqm block on the corner of King and York Streets in the Sydney CBD, where a pub