The Schwartz family has listed two big Melbourne investment properties, including the city’s oldest pub – Dixon Hospitality Group’s Duke of Wellington. Melbourne freeholds continue to lead the charge on yield benchmarks, averaging below six per cent and dipping below three per cent on select properties. Publisher and property developer Morris ‘Morry’ Schwartz has put […]
Against the trend in a booming industry, the receiver sale of Lithgow’s Tattersalls Hotel has emerged, the neglected property and stalled business heading to auction. The freehold of the Tattersalls was bought around a decade ago by the incumbent, offering a strong yield based on unrealistic rent from the tenant. Settlement was swiftly followed by
Property investment specialist AsheMorgan has listed the popular Darling & Co in Brisbane’s trendy Paddington precinct, as it exits pubs in the capital. AsheMorgan is a real estate investment and advisory group founded in 1987 that seeks rewarding opportunities to grow its direct investment and funds management business. It has in the past backed numerous
ASHEMORGAN EXITS BRISBANE WITH SALE OF DARLING & CO Read More »
Paddington’s Captain Cook Hotel opposite Allianz Stadium has come to market, as the operators look to new projects in development. The Captain Cook has stood since 1882 at the intersection of Flinders St and Anzac Parade, where eastern suburbs arterial Moore Park Rd meets Foveaux St, opposite Moore Park and both Allianz and Sydney Football
The Turvey Tavern is back in the hands of a loving local, a new partnership buying the Wagga landmark for $5.6 million. A syndicate of private investors headed by David Friedlieb and Peter Douglas have owned the pub for around 20 years, operating it under management. The single level red brick pub sits on 1,644sqm
ASX-listed Eumundi Group Limited has partnered with the new Open Arms Hospitality Group in purchase of the long lease of Brisbane’s historic Plough Inn for $13.1 million. The Plough Inn first opened in 1885, and overlooks the winding Brisbane River. It boasts a large outdoor area, complete with stage for live music events and festivals.
The sleeping beauty Hotel Palisade has been sold again for a hot market top-dollar price, less than two years after it reawakened from eight years closed and two renovations. A hotel was first built on the Millers Point site of the Palisade back in 1880, beside the stake (palisade) fence in the street. The current
Dixon Group has expanded into another state, picking up the operation of Shenannigans in Darwin. Shenannigans, known locally as “Shags”, is an Irish-themed party pub that opened 21 years ago, and has largely set the tone for the city’s Mitchell St entertainment strip. The pub was created by brothers Justin and Michael Coleman, who have
The Nelson Meers Group has pounced on Hurstville’s iconic Ritz, paying $45 million to add the baker’s dozen to its strong gaming portfolio. The long-standing landmark Hurstville ‘Ritz’ Hotel has been twice owned by former Newtown Jets front rower, Steve Bowden. The pub holds a special place in industry legend, achieving the highest sale of
Cape Bouvard Investments has secured the big Coles-tenanted Waterloo Hotel and block in the downtown heart of Brisbane for $47 million. The historic Waterloo Hotel occupies 991sqm on the very prominent corner of Commercial Road and Ann St in Newstead, surrounded by A-grade commercial and leisure businesses. The Hotel is part of the Waterloo Junction
CAPE BOULEVARD BREAKS INTO BRISBANE WITH COLES’ WATERLOO HOTEL Read More »
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