Lancer Group’s Royal Hotel in regional hub Tumut is being sold with plenty of blue sky, as investor owners in Sydney look to consolidate. Residing on a substantial 3,250sqm, the Royal is a classic two-storey brick structure built in 1854, with a full-length balcony overlooking Tumut main drag Wynyard Street. The pub provides a large […]
Recent freehold sales in the Victorian capital signify the resurgence of activity in the market as sharp yields reflect both investor and industry interest. The freehold interest in the Cornerstone Hotel of Port Melbourne transacted in recent weeks at a confidence-inspiring yield of 4.50 per cent. Built 1860, the staunch two-storey Georgian brick pub reflects
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The Fanatical Warren Livingstone has sold his booming Captain Cook of Botany to Kent Walker for twice the purchase price four years ago, as the south Sydney precinct’s ship comes in. Established as the Captain Cook Inn in 1880 on arterial Botany Road, the large suburban watering hole enjoys a prominent retail position with plenty
Landmark ‘precinct’ pub Bells has come to market, Sam Tresise presenting what is likely to be one of the most contested offerings of 2024 in the tightly held Victorian market. A mainstay institution of South Melbourne, since 1874 Bells Hotel has resided on a commanding corner of the busy junction of Moray and Coventry streets,
Ben McBeath and new partners have taken on Darlinghurst’s storied East Village Hotel, as Locky Paech’s outfit looks to the next move. Located on the high-profile corner of Liverpool and Palmer Street in Darlinghurst, the former Tradesman’s Arms was built at the conclusion of WWI, in 1918. It became known as The Bloodhouse in the
Bruce Mathieson has sold the intrepid Captain Cook Hotel for around half what he paid two years ago, recycling the gaming credentials as the prominent Paddington pub goes into drydock. The four-storey Federation-style Captain Cook was built in 1914, overseeing the intersection of Flinders Street and Moore Park Road. It has long been a stop
Landmark coastal pub the Bay Hotel and surrounding businesses have been listed by the Cullen family, after 35 years owner-operation. The diverse business is set on a combined landholding of 4.4 hectares in Bonnells Bay, overlooking Lake Macquarie, with an approximately 392-metre frontage to Fishery Point Road. The large format pub holds a 2am liquor
Long-time owner Donna Asensio has offered up the quirky Kuleto’s hotel on King Street in inner west Newtown, holding plenty of upside for a hands-on operator. Formerly known as the Milton Hotel, the three-storey venue is at the northern end of King Street, proximate to the Marlborough, Newtown and Coopers hotels, around six kilometres south-west
The big-ticket sale of Kinselas and the Courthouse Hotel by MA Financial to operator-developer Virtical has fallen over, with parties now arguing the specifics in court. Last September news broke that Moelis was divesting the pair of pubs at Taylor Square to the private company for just north of $60 million. The unlisted MA
Lender Australia Pacific is selling Public Hospitality venue El Primo Sanchez Hotel – formerly the Rose, Shamrock and Thistle – as Adgemis’ collection unravels. One of Paddington’s historic pubs, the Rose, Shamrock & Thistle first opened in 1884, on the site beside where it now stands. The original building was demolished and in 1939 the
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