Property

LANTERN TAKE ‘BEST OFFER’ FOR CENTRAL QUEENSLAND PUB

Posted on September 30th, 2016 by Clyde Mooney
Lantern has taken the money and run, “meeting the market” for the deeds on its Bundaberg freehold to complete the exit from Queensland. In June, ASX-listed Lantern (LTN) listed the freehold going concern of the Central Hotel, Bundaberg, in a

SOLOTEL GETS $60m FOR ALBION HOTEL LANDMARK

Posted on September 28th, 2016 by Clyde Mooney
Bruce Solomon’s Solotel has achieved its second big-ticket sale and lease-back, settling on a bid of $60 million for the land holding of its Albion Hotel in Parramatta. The generous 3,135 m² block on the corner of George and Harris

LAUNDY ADDS TO COAST COLLECTION WITH SWANSEA

Posted on September 26th, 2016 by Clyde Mooney
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

FOOTY LEGEND TO TAKE OVER CREMORNE HOTEL

Posted on September 23rd, 2016 by Clyde Mooney
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

COLES LANDLORD HPI SELLS

Posted on September 21st, 2016 by Clyde Mooney
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

IRIS GROUP PICK UP THE COLOMBIAN

Posted on September 16th, 2016 by Clyde Mooney
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

SHORT SEES DOUBLE IN REDFERN PUB

Posted on September 12th, 2016 by Clyde Mooney
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,

COUGHLAN BUYS IN CAMPERDOWN AND EYES MORE

Posted on September 5th, 2016 by Clyde Mooney
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

LOCAL WINS BATTLE FOR GRAVILLIS’ KEMPSEY PUB

Posted on August 31st, 2016 by Clyde Mooney
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

BUYERS ‘TUSSLE’ AS HOTELS SELL LIKE HOTCAKES

Posted on August 26th, 2016 by Clyde Mooney
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