A prominent city fringe freehold going concern has come to market, with a range of potential upsides likely to test market potential. The Royal Exhibition Hotel is in the heart of Surry Hills, adjacent to Central Station, and significantly, outside the lockout zone. With a 24-hour licence and four-star accommodation atop two bars, a bistro […]
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The ultimate ‘Sea Change’ pub has come on the market in Melbourne, offering potential for a landmark holiday destination development. The St Leonards Hotel, overlooking Port Phillip Bay pub south-west of Melbourne, was once the centre of the ABC’s late 90s TV series Sea Change, under the name the ‘Tropical Star Hotel’. It’s located on
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Melbourne career publican Kevin McNamee is parting with his beloved Clare Castle Hotel, after 40 years’ ownership. McNamee has owned the since the 70s, but sold the leasehold business 15 years ago after a quarter-century operating it himself. The current lease options end in five years’ time. The much-loved watering hole in the increasingly gentrified
A Perth pub has hit the market – two years ahead of its opening the doors. Slated as part of the in-progress Lakelands Private Estate, the Lakelands Tavern is being offered for Expressions of Interest by national property developer Peet Limited. The purpose-built hotel will be on a generous block within the burgeoning Lakelands Town
The winning run of top gaming pubs continues with another coveted freehold going concern coming to market. Situated on a large block in the fast-growing district of Blacktown, the Lalor Park Hotel is likely to become a top-100 gaming venue, with upside potential atop its current position of #153 on the OLGR list. The area’s
One of regional NSW’s best-loved pubs has come on the market, amid high market expectations. John Hussey is putting his Romano’s Hotel up for auction to concentrate on his businesses in his home State of Queensland. NSW’s largest inland city, Wagga Wagga is home to over 60,000 people and a hub for agriculture, transport and
The acclaimed Terminus Hotel has come on the market as its long-term operator calls end to an “amazing journey”. Driving the Hotel since 2004, Russell Griggs says the Melbourne pub scene has changed dramatically in the past eleven years, and while he has enjoyed reviving the Terminus, his heart is elsewhere. “The Terminus has been
The heart of a regional hub in WA has hit the market, with the 200-room Newman Hotel likely to attract big interest for a small town. Around 1200 kilometres north of Perth, the town of Newman is slated by the State Government for expansion over the next two decades that will see it go from
Peter Beaumont’s Fernwood Group has put its Balmain landmark up for grabs, offering “development potential” to the hungry investor market. The 1885 Exchange Hotel is located on a 640 square metre corner block in the heart of uber-trendy Balmain. The freehold going concern will go to auction 20 August. The Hotel has submitted plans to
Entrepreneur hotelier Bobby Zagame has put to market three freeholds – all leased to investor-favourite Australian Leisure & Hospitality (ALH). Zagame operates a portfolio of six pubs in Victoria and has various other interests including freehold investments in Queensland and Victoria – mostly leased to ALH. The Seaford Hotel and Royal Hotel in Melbourne suburbs
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