Real Estate

IRIS OFFLOADS CROWN PARRAMATTA IN $50m DEAL

Posted on September 6th, 2017 by Clyde Mooney
Iris Capital has nailed another development play, selling its DA-approved Crown Hotel in Parramatta to Coronation Property, in a transaction worth $50 million. Iris bought Crown Parramatta mid-2014, with principal Sam Arnaout negotiating the deal himself with vendor Rod Salmon

TANKERVILLE ARMS HEADS TO RARE VICTORIAN AUCTION

Posted on September 6th, 2017 by Clyde Mooney
Fitzroy’s thumping Tankerville Arms Hotel is to be sold via auction, with price expectation exceeding $20 million. The Tankerville sits on 1,087sqm on the prominent corner of Nicholson and Johnston Streets Fitzroy, just two kilometres from the heart of Melbourne.

BIG NORTH NOWRA PUB SELLS FOR $12m

Posted on September 4th, 2017 by Clyde Mooney
Sydney publican Mark Duggan has teamed with Gary O’Donnell to secure the large-format North Nowra Tavern for close to $12 million. Duggan operates Burwood’s Avondale Hotel, and O’Donnell brings local knowledge, having formerly run Nowra’s Archer Hotel, before selling it

FEDDY IN DENI TO RISE AGAIN VIA NEW INVESTOR MODEL

Posted on September 1st, 2017 by Clyde Mooney
Small-scale partial investors will revive the magnificent Federal Hotel in Deniliquin via a ‘fractional investing’ scheme driven by pioneering entertainment company Omecca. The Federal Hotel, on the town centre corner of Napier and Cressy street in Deniliquin, was built in

BRISBANE VALLEY TAVERN & CENTRE ON OFFER

Posted on September 1st, 2017 by Clyde Mooney
The Brisbane Valley Tavern and Centre have come to market, offering five tenancies and underlying gaming value in one of south-east Queensland’s thriving regions. The Brisbane Valley Centre in Fernvale is a 3,174sqm block incorporating the Tavern and Motel, as

LAUNDY SELLS BIG BATEAU BAY

Posted on August 30th, 2017 by Clyde Mooney
Laundy group has capitalised on the market for coastal freehold properties, divesting the big-format Bateau Bay Hotel for circa $13m to a growing local operator. The Laundy Hotel Group purchased the Bateau Bay Hotel (BBH) in early 2015 for around

BIG FORREST BEACH HOTEL & BUSINESSES LISTED

Posted on August 30th, 2017 by Clyde Mooney
A Gold Coast syndicate has listed the under-management Forrest Beach Hotel, Motel and Caravan park on a massive block overlooking the beach outside of Townsville. High profile automotive dealer Brett Frizelle, lawyer Dwane Bugden, and publican Neil Haslam have owned

APF LISTS VIC ON THE PARK

Posted on August 28th, 2017 by Clyde Mooney
Singo and Dixon’s Australian Pub Fund is one step closer to exit with the listing of Marrickville’s Vic on the Park in a freehold-starved Sydney market. Occupying a 1,247sqm block on a prominent corner opposite Enmore Park, the former The

HOGES SYNDICATE GRABS QUEENS ARMS FOR $21m

Posted on August 28th, 2017 by Clyde Mooney
A syndicate of six investors including Paul Hogan has signed on to buy New Farm’s big Queens Arms Hotel for a reported $21 million. The syndicate is QAP Holdings, headed by Sydney publican Peter Ashelford and businessman Nick Politis –

DE WITH LISTS PREMIER HOTEL

Posted on August 25th, 2017 by Clyde Mooney
Rolly de With has listed his Premier Hotel, boasting plenty of upside and potential in the surging Central Coast market. The Premier was purchased by de With’s Castle Hotels in 2011, in a partnership between the AHA regional representative and