The Laundys have acquired the large-format Swansea Hotel in Lake Macquarie for an A-grade price of $13 million from the Bernie family. The two-storey Hotel sits on 3,235 m² on the main street of Swansea – the gateway to NSW Central Coast aquatic playground Lake Macquarie, around half an hour’s drive south of Newcastle. It […]
Geelong star Billy Brownless has bought the Cremorne Hotel in his old team’s heartland from long-time owner Grant Ryan. Located at 336 Pakington St, Newtown, the Cremorne boasts a large bar, beer garden, TAB and Keno, lounge and function areas and thriving food operation. It has been operated for the past 14 years by Grant
Listed landlord to ALH and Coles pubs HPI has divested the Payneham Tavern to an unnamed Sydney investor. The Payneham Tavern and Liquorland drive-thru bottleshop are tenanted by Coles on a 20-year lease plus two ten-year options, with built-in annual rental increases around four per cent. Located just outside the Adelaide CBD, the 7,887 m²
Sam Arnaout’s Iris Capital has bought former Westpac Bank now Oxford Street landmark The Colombian Hotel for an undisclosed sum. The three-level building on the prominent corner of Oxford and Crown Streets in Darlinghurst is an institution of the Oxford Street scene, and former Top-100 gaming venue, with 30 EGMs including 15 valuable permits. The
Marty Short has grown his Redfern presence with the purchase of the former Courthouse Hotel for around $6 million. Situated on the corner of George and Redfern Streets, the old Courthouse Hotel is opposite the landmark former Redfern Post Office, built in 1882. The Hotel has been “reinvented” over the years and the building is
High-profile publican Paddy Coughlan has picked up his second inner-west pub, bringing a Lady to Camperdown to append Lord Gladstone. Located on Parramatta Road, just west of Missendon Road, the Hampshire – soon to be ‘Lady Hampshire’ – is in the heart of the Newtown-Camperdown precinct, central to Sydney University and Royal Prince Alfred Hospital.
Hotel Kempsey has joined the ranks of hot property coastal pubs to change hands, with a local expanding publican beating out the metropolitan groups. The family of Peter Gravillis listed the popular local in June, after nearly 30 years owning the 1880s pub, dubbed all about the “Heritage and Hospitality”. Located on the Belgrave Street
The perfect storm is driving coastal and regional popularity and sharpening yields, and pubs in growth areas have never been more in vogue. Hotel Cessnock is the latest in a trail of assets scooped up by strong operators and prudent investors. The prominent two-storey brick pub enjoys the full complement of amenities, including bistro and
The Bay-side suburb of Mentone will be welcoming new owners to its only pub – the Corner Store – as the Joneses look to keep up with the potential. Mentone is around 20 kilometres south of the Melbourne CBD, and like many suburbs bordering Port Phillip Bay is growing in popularity, population and facility. The
Old mates Marty Short and Sean O’Hara have signed for the Toormina Hotel in Coffs Harbour as coastal pubs keep surfacing in a hot market. Toormina, a southern suburb of mid north coast hub Coffs Harbour, borders seaside playground Sawtell. The Hotel is within the thriving Toormina Shopping Centre, boasting anchor tenants Woolworths, Coles and
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