Real Estate

ACACIA RIDGE HITS MARKET FOR $35m

Posted on October 11th, 2019 by Clyde Mooney
Top10 Queensland gaming pub the Acacia Ridge Hotel is back on the market, boasting a new multi-million-dollar renovation and buckets of upside. The very large format Acacia Ridge (ARH) occupies a sprawling 18,450sqm block on busy Beaudesert Road in Brisbane’s

A PUNT AND A WIN AT THE IMPERIAL

Posted on October 11th, 2019 by Clyde Mooney
Industry up-and-comer Adam Drabarek is living the Australian dream of owning his own pub, having recently secured title to his thriving Imperial Hotel operation in Coonabarabran. After a couple of years renovating houses on the central coast, living in successive

CAMELIA GROVE TO SELL FIRST TIME IN 36 YEARS

Posted on October 9th, 2019 by Clyde Mooney
After three and a half decades at the elegant Camelia Grove, industry stalwart Adella Wright Young is ‘calling time’ on the industry and divesting her picturesque Alexandria pub. The Camelia Grove Hotel stands resolutely at the corner of Henderson Road

VEGAS SELLS AS KINGS CROSS SMOULDERS

Posted on October 9th, 2019 by Clyde Mooney
Former top gamer the Vegas Hotel has sold in in-transition Kings Cross for circa $25 million, as the precinct continues to evolve from high-life to high-end living. The Vegas is one of the stalwarts of the previously notorious party precinct,

MPK GROW IN MUDGEE AND ORANGE

Posted on October 9th, 2019 by Clyde Mooney
MPK Hotels has significantly expanded its portfolio with the well-timed acquisitions of both the Royal Hotel in Orange and Federal Hotel in Mudgee. A quintessentially Australian pub, the striking Royal Hotel stands like an advertisement for Art Deco on Lords

RIVERSDALE SELLING UP IN SYDNEY

Posted on October 4th, 2019 by Clyde Mooney
Singo’s Riversdale Pub Fund has signalled an end to its Sydney portfolio with the listing of the iconic Unity Hall Hotel in Balmain. The Fund was founded in 2010 by John Singleton, Mark Carnegie and Geoff Dixon, and at one

SOUTHERN BELLE HEADS TO MARKET

Posted on October 4th, 2019 by Clyde Mooney
For the first time in 34 years, Goulburn’s handsome Southern Railway Hotel is on the market, offering a diverse business in one of the State’s thriving communities. Jude Bourne bought the title to the pub in 1985, and following the

A NEW ERA FOR THE EMPIRE

Posted on October 2nd, 2019 by Clyde Mooney
Goulburn’s Empire Hotel is a freehold going concern again, with a new publican buying the re-stapled freehold and operation. In August private owners of the title joined with long-time operator Allan Deeth to send the pub to market. The Empire

AIRLIE BEACH HOTEL CONQUERS DEBBIE

Posted on September 27th, 2019 by Clyde Mooney
The windswept Airlie Beach Hotel is back down to earth and safely in new hands, after overcoming the ravages of Cyclone Debbie. Built 1968 on an 8,819sqm block just metres from the destination Whitsundays tourist beach, the Airlie Beach Hotel

BLUE SKY IN CROOKWELL COUNTRY

Posted on September 27th, 2019 by Clyde Mooney
Hitting the market this week is the Crookwell Hotel outside of Goulburn, coming with textbook upside atop a strong mixed revenue business. Crookwell is a town in the NSW southern tablelands, north-west of Goulburn, around 200 kilometres inland of Wollongong.