Real Estate

TOMSIC TALKS ANOTHER GRAND IDEA

Posted on August 2nd, 2024 by Clyde Mooney
Dave Tomic’s bellicose Black Rhino has chased down another prized local in Millicent, adding the Grand Hotel to the growing portfolio.
 The elegant two-storey Grand Hotel, built in 1900 in the Federation style from local sandstone, is the most recent

LANCER LIST TUMUT’S ROYAL

Posted on July 26th, 2024 by Clyde Mooney
Lancer Group’s Royal Hotel in regional hub Tumut is being sold with plenty of blue sky, as investor owners in Sydney look to consolidate. Residing on a substantial 3,250sqm, the Royal is a classic two-storey brick structure built in 1854,

MELBOURNE METRO FINDING ‘MARKET-DEFYING’ RESULTS

Posted on July 26th, 2024 by Clyde Mooney
Recent freehold sales in the Victorian capital signify the resurgence of activity in the market as sharp yields reflect both investor and industry interest. The freehold interest in the Cornerstone Hotel of Port Melbourne transacted in recent weeks at a

LIVINGTONE’S CAPTAIN COOK SALES TO WALKER

Posted on July 24th, 2024 by Clyde Mooney
The Fanatical Warren Livingstone has sold his booming Captain Cook of Botany to Kent Walker for twice the purchase price four years ago, as the south Sydney precinct’s ship comes in. Established as the Captain Cook Inn in 1880 on

TRESISE CALLS TIME ON BELLS ‘ADVENTURE’

Posted on July 22nd, 2024 by Clyde Mooney
Landmark ‘precinct’ pub Bells has come to market, Sam Tresise presenting what is likely to be one of the most contested offerings of 2024 in the tightly held Victorian market. A mainstay institution of South Melbourne, since 1874 Bells Hotel

EAST VILLAGE GOES FROM GOOD TO TIPPLE

Posted on July 19th, 2024 by Clyde Mooney
Ben McBeath and new partners have taken on Darlinghurst’s storied East Village Hotel, as Locky Paech’s outfit looks to the next move. Located on the high-profile corner of Liverpool and Palmer Street in Darlinghurst, the former Tradesman’s Arms was built

MATHIESON SELLS FLOUNDERING CAPTAIN

Posted on July 19th, 2024 by Clyde Mooney
Bruce Mathieson has sold the intrepid Captain Cook Hotel for around half what he paid two years ago, recycling the gaming credentials as the prominent Paddington pub goes into drydock. The four-storey Federation-style Captain Cook was built in 1914, overseeing

CULLENS LIST BAY HOTEL AND PACKAGE

Posted on July 17th, 2024 by Clyde Mooney
Landmark coastal pub the Bay Hotel and surrounding businesses have been listed by the Cullen family, after 35 years owner-operation. The diverse business is set on a combined landholding of 4.4 hectares in Bonnells Bay, overlooking Lake Macquarie, with an

ASENSIO OFFERS KULETO’S ON KING

Posted on July 15th, 2024 by Clyde Mooney
Long-time owner Donna Asensio has offered up the quirky Kuleto's hotel on King Street in inner west Newtown, holding plenty of upside for a hands-on operator. Formerly known as the Milton Hotel, the three-storey venue is at the northern end

KINSELAS AND COURTHOUSE DEAL IN COURT

Posted on July 12th, 2024 by Clyde Mooney
The big-ticket sale of Kinselas and the Courthouse Hotel by MA Financial to operator-developer Virtical has fallen over, with parties now arguing the specifics in court. Last September news broke that Moelis was divesting the pair of pubs at Taylor