The Gold Coast’s Currumbin Creek Tavern has come to market, with a big footprint and four associated bottle shops. The Currumbin pub was purpose-built by owner and vendor Tony Condon on a 1,610sqm block off the Gold Coast Highway, minutes from the Gold Coast’s main surfing beach and six kilometres from the airport. It boasts […]
The Moxham’s have listed their underperforming Royal Hotel in the heart of Muswellbrook, as the asset needs some TLC and they look to wind down for a while with the kids. Located around 120 kilometres north-west of Newcastle, 240 north of Sydney, Muswellbrook is predominantly known for horse breeding, gourmet food, wine production and coal
Merivale has furthered its inner-west presence with the $22+ million purchase of APF’s Vic on the Park in Marrickville. John Singleton, Geoff Dixon and Mark Carnegie’s Australian Pub Fund (APF), backer to Riversdale, has been selling down its high-value portfolio, Vic on the Park representing the seventh sale, leaving just Balmain’s Unity Hall, and The
After “years of unsolicited approaches” Geoff Moulding is selling his big-potential Royal Hotel, overlooking Bondi Beach. The Royal is a Bondi Road staple, with a long history in local folklore and ownership. In 1907 the founding meeting of the historic Bondi Surf Bathers Life Saving Club took place at the Royal, and in 1966 it
BONDI’S ROYAL HOTEL SEEKS NEW OWNER AFTER 40 YEARS Read More »
Private family operators have put to market their Blue Mountains pubs the Katoomba and Alexandra Hotels, as they look to retirement. The Katoomba Hotel was first built in 1881, and the current structure in 1918. It thrived during the area’s boom in tourism during the latter half of the 20th century, being just over 100
The freehold interest of the Royal Hotel in Sunbury has come to market, with a coveted lease to Australia’s biggest publican, ALH, and land bank just forty kilometres from the CBD. The Royal Hotel is triple-net leased to Australian Leisure & Hospitality (ALH) for 51 years including options, drawing annual rent around $367k, with built-in
ROYAL HOTEL SUNBURY INVESTMENT WITH 51-YEAR LEASE TO ALH Read More »
South Melbourne’s historic Water Rat Hotel is on the market, with a short lease and favourable zoning and development potential on the 1858 property. Druids Hotel was the original to open on the prominent corner of Park and Moray Streets, later becoming the Freemason’s Hotel, and since 1991 the Water Rat Hotel, following a major
In a market probing for opportunity, Australia’s biggest pub landlord is testing the waters with one of its prized ALH-leased properties, Paddington’s Berwick Hotel. The ASX-listed ALE (ASX: LEP) holds a portfolio of 86 properties across the five mainland States, exclusively leased to Australian Leisure & Hospitality (ALH). The combined value of the portfolio tops
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
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