The only pub in St George’s Basin has sold, heralding a return by local operators David Kennerwell and Michael Lucas. The Cooee Hotel is central to the south coast town, owned by Philip Archer and operated by a tenant, leased until September 2019. Sadly, Archer has been forced to sell due to severe ill-health, prompting […]
Ferrier Hodgson has issued a warning that pub rents in some states are headed for a “revision” as changing environments and uncertain property prices continue. David Kidman, Ferrier Hodgson (F-H) director in South Australia, posted a review of the sector at the conclusion of 2018 forecasting that “Rent revision looms for local landlords”. The advisory
REVISION ‘LOOMS’ ON VALUES AND RENTS: FERRIER-HODGSON Read More »
Newcastle region continues its run of hot sales, with two transactions totalling a reported $20 million in the Belmont Hotel and Salamander Tavern. The Belmont is a large-format hotel on a 3,753sqm prominent corner of the Pacific Highway and Hitchcock Avenue. It offers multiple bars, restaurant and commercial kitchen, accommodation, and gaming room with 23
Forbes’ historic Vandenberg Hotel in central western NSW has come to market, as its long-time owners look to exit the game. The pub is the oldest in the proud town of Forbes, which is around 400-kilometres’ west of Sydney, and the approximate halfway point on the inland drive from Melbourne to Brisbane, making it a
High-profile publican Paddy Coughlan has put his portfolio of two pubs to market, looking to focus on his push into producing Frank Strong’s alcoholic lemonade. Coughlan has enjoyed a rise to prominence in the industry, largely through his role creating Riversdale Group, which famously operated the pubs of the John Singleton and Geoff Dixon-backed vehicle
The iconic Palace Hotel of Broken Hill has come to market, boasting more sass and success than ever and Australia’s only full-time 2-up licence. The Palace is cultural centrepiece to the outback legend of Broken Hill, a leisurely 1,144 kilometres west of Sydney. The elegant three-storey brick structure stands proudly on the prominent corner of
Newtown stalwart the Coopers Hotel has sold to new entrants to the sector, with Matt Williams’ King Tide group taking on their first pub for around $13.5 million. Strategically located at the northern end of King Street, just a few blocks from Solotel’s thumping Marlborough Hotel, the owner-operated Coopers proudly promotes its provenance in the
The sprawling Aussie Nomads hotel facility in thriving Bowen has come to market, offering a diverse business in a region bursting with tourism, agriculture and mining. Bowen is situated in the north of the Whitsundays – gateway to the Great Barrier Reef – around 45 minutes north of Airlie Beach. The region is cited as
The high-performing Royal Hotel in Inverell has hit the market, as its owner-operator looks to exit the industry for health reasons. Inverell is a thriving agricultural town of over 16,000 people around seven hours’ north of Sydney, slightly off the beaten track, inland from Grafton. It is something of a hub for surrounding industry, counting
Thumping food-based pub Welcome to Bowen Hills in Brisbane is testing the market, as its Melbourne-based owners tune their interstate business model. The curiously named Welcome to Bowen Hills (WBH) represents the second instalment of the concept by 100 Burgers Group – proprietors of the immensely successful Welcome to Thornbury, ironically in Northcote. Both Bowen
100 BURGERS GROUP SEEKS SOLUTION FOR BOWEN HILLS Read More »
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