Property

ALH TAKE JOE IRVIN’S BARKLY

Posted on February 10th, 2021 by Clyde Mooney
ALH has unleashed the chequebook, taking the title to Joe Irvin’s Barkly Hotel in booming Mount Isa. The Barkly enjoys a massive 1.35-Ha site in the regional town of Mount Isa – affectionately known as the ‘oasis of the outback’

BIG PRICE FOR BEST LITTLE PUB

Posted on February 8th, 2021 by Clyde Mooney
An unnamed Sydney investment company has snapped up seaside local the Jacobs Well Bayside Tavern for $8.5 million as market conditions bring south-east Queensland hotels further into focus. Jacobs Well Tavern Bayside enjoys a 3,946sqm block adjacent to the Jacobs

SILVERSTONE BOLSTERS ALLIANCE

Posted on February 1st, 2021 by Clyde Mooney
A local developer with a growing hotel portfolio has bought the Alliance Hotel in Spring Hill for an undisclosed sum, looking to further its place in the sector. The three-storey Hotel was built 1888, the design the work of well-known

ACTIVE AVC FLAGS FURTHER EXPANSION AND ENTICEMENTS

Posted on January 29th, 2021 by Clyde Mooney
Australian Venue Co. continues to pursue post-pandemic opportunities, taking a new venue in regional Victoria and fronting more specials to get patrons back into their pubs. Today AVC announced its purchase of the leasehold interest in the Criterion Hotel in

SMALL PUBS GET BIGGER AND BOLDER AT BVH

Posted on January 29th, 2021 by Clyde Mooney
Small Pubs has taken the next steps in its investment into Newtown, purchasing and adorning the freehold of Paddy Coughlan’s Botany View Hotel. Justin Small – previously one of the partners in Balmain Pub Group – took on a new

WINDFALL FOR ENGADINE TAVERN SALE

Posted on January 20th, 2021 by Clyde Mooney
Another big year predicted in pub real estate kicked off with news of White & Partners divesting suburban stalwart the Engadine Tavern to a local for $31 million, realising nearly 40 per cent in capital gains. A trust controlled by

OLD FITZ TO SEE NEW BEGINNINGS

Posted on January 20th, 2021 by Clyde Mooney
Ending speculation on its future, the deal has been finalised on sale of The Old Fitz in Woolloomooloo to developers W Property. Standing proudly on a corner of Dowling Street in Sydney’s waterside precinct, the Old Fitzroy Hotel boasts a

SYDNEY INVESTOR TAKES TUMUT’S ROYAL

Posted on January 20th, 2021 by Clyde Mooney
The Royal Hotel Tumut has been sold to an unnamed Sydney-based hotel investor as the region continues to benefit from massive infrastructure investment. The Royal is a classic two-storey brick structure on a 3,250 sqm lot, with a full-length balcony

O’DONOGHUES EMU PLAINS JOINS REDCAPE FOR $31m

Posted on January 18th, 2021 by Clyde Mooney
Amid the respite of a strong end to a stormy year, ASX-listed Redcape has exchanged contracts to acquire O’Donoghues Hotel in Emu Plains for $30.5 million. The western Sydney pub is a large-format local, offering a classic mix of food

WRIGHT-YOUNG FINALLY RELINQUISHES THE CAMMY

Posted on January 18th, 2021 by Clyde Mooney
Ending nearly four decades at the helm and a year-long settlement comes announcement industry legend Adella Wright-Young has sold the Camelia Grove Hotel of Alexandria to Sydney publican-developers. Wright-Young purchased the Camelia from Tooth and Co in 1983. Signalling the