Dave Tomsic’s Black Rhino continues its run into South Australia, announcing settlement of the Kadina Hotel, in the ‘Little Cornwall’ region.
A handsome, Federation-style two-storey stone pub on the corner of Taylor and Hallett Streets, the Kadina boasts a classic front bar, strong food and beverage business, 12 accommodation rooms upstairs, gaming with 23 EGMs and permit for 40, and a large beer garden.
Tomsic has picked up the freehold and business separately, in two separate transactions, for an undisclosed amount.
“It’s a beautiful pub,” he says.
“It took a while to put the deal together, but it was worth it, and adds to our footprint in the area.”
The transactions were managed through Grant McGee, of McGee’s Real Estate.
Kadina is the largest town of the Yorke Peninsula, around 140 kilometres northwest of Adelaide. Its name is thought to derive from the local Narungga people’s word Kadiyinya, meaning ‘lizard plain’.
Kadina is one of the three towns forming the ‘Copper Triangle’, known as ‘Little Cornwall, for their shared copper mining history and connection with the British industrial city. Today the majority of Kadina’s land has given way to farming and forms a key agricultural base for the region.
Purchase of the pub follows Black Rhino’s recent investment in Moonta – one of the other towns of the Copper Triangle – where the Group bought all three pubs in town.
This latest news precedes further “pending announcements” including back closer to home base in Melbourne.
“There are more acquisitions in the SA pipeline for Black Rhino, along with some huge announcements to be made in Victoria in the immediate future,” revealed CBRE Hotels’ Mathew George, who has been advising on the Rhino’s expansion.
[Promo video by local business, Enfield Furnishers]
