Property

NEW PUB GROUP TEMPTS HALCYON INTO UNEXPECTED SALE

Posted on May 27th, 2015 by Clyde Mooney
One of the North Shore’s best-known pubs has sold in a surprise deal that was a case of ‘an offer they couldn’t refuse’. Just 15 months after purchasing it for $13 million, Halcyon Group has divested the landmark Buena Vista

VICTORIAN PUB CLIMATE BREEDING NEW PLAYERS

Posted on May 25th, 2015 by Clyde Mooney
A dynamic new hotel group has snapped up the suburban giant Vincent Hotel, amid plans for further strategic expansion. Emanating from the successful Port Phillip Charters cruise business, Dixon Hospitality Group (DHG) has bought four pubs in a little over

ROCKLEA GOOD FOUNDATION AS MARKET BUILDS: POWER

Posted on May 25th, 2015 by Clyde Mooney
A Brisbane hotel family takes the keys for the Southside’s Rocklea Hotel today as opportunity continues to shift in the State’s pub assets. The popular corner pub on Ipswich Rd joins a flurry of venues in Queensland being bought or

PADDINGTON’S ‘NASH’ SNAPPED UP

Posted on May 22nd, 2015 by Clyde Mooney
The freehold of Paddington’s iconic Grand National Hotel has sold, as investor appetites broaden. Tenanted by Lance Burrowes’ LJB Hotels on a long-term lease, the “Nash” Hotel is in fact one of the largest single land holdings in the highly

AFL STAR SELLS MELBOURNE PUB

Posted on May 18th, 2015 by Clyde Mooney
Former AFL star Corey McKernan has sold his Melbourne pub as other business interests grow. The Prince Alfred Hotel in Port Melbourne was built in the late 1800s and is described as “a beautiful, character-filled property”. “We had some really

‘TROPHY’ PUB SMASHES PRICE EXPECTATIONS

Posted on May 13th, 2015 by Clyde Mooney
The auction of “trophy asset” the Imperial Hotel smashed price expectations, as Victoria’s hot commercial market sees values rise and yields fall. Located across from Parliament House, and a popular haunt for off-duty politicians, the sale of the exquisite 1858

LEAGUE LEGEND SELLS GONG LOCAL

Posted on May 8th, 2015 by Clyde Mooney
After 24 years of ownership, former rugby league great Craig Young has sold his Wollongong pub. Young played as prop-forward from 1977 to 1988 for the St George Dragons, which included two Premiership wins, including one as Captain at age

COLONIAL LEISURE GROUP BOSS TRANSFORMING TOP-END

Posted on May 4th, 2015 by Clyde Mooney
‘No Pokies’ pub baron Chris Morris is expanding his massive plans the reinvigoration of tourism in northern Queensland. Following his $6.25 million purchase of the Orpheus Island resort in 2011 and subsequent $70 million purchase of the Townsville casino last

$50m PUB SALE IN SYDNEY’S WEST

Posted on May 1st, 2015 by Clyde Mooney
After months of negotiation, Paul Irvin Hotels has sold to a hungry residential developer in a deal worth $50 million. The freehold going concern divestment of the Bull & Bush Hotel is one of the biggest pub sales in years,