Private investors have offered up a portfolio of two big-trading Queensland pubs likely to be some of the last offered in the northern state for 2018. The Commercial Hotel in Redbank and Oonoonba Hotel Townsville are run under management by passive owners based in Perth that have held the assets for nearly a decade, and […]
Pelathon has flipped another big-trading Queensland pub, demonstrating its buy and sell strategy as the tide begins to shift in the coastal resources town. Jaz Mooney’s Pelathon Pub Fund acquired the somewhat tired Queens Hotel late 2017, and in keeping with the group’s model of investing in under-cooked operations unleashed some capex, including new gaming
The freehold Investment of Ballarat Central’s ‘The Bluestone’ has come up for sale, offering an historic ‘blue-chip’ asset in Victoria’s tight market. The Bluestone is a three-level structure on 728sqm that has seen significant capital expenditure, bringing state-of-the-art facilities. Holding a valuable late-night liquor licence, it has become one of the precinct’s premier late-night entertainment
BALLARAT’S BLUESTONE HITS VICTORIAN BEDROCK MARKET Read More »
Charter Hall’s ASX-listed Long WALE REIT has emerged as the buyer of the prominent Coles-tenanted Club Hotel Waterford for a record-setting $22 million. The Club Hotel is around 27 kilometres south of the Brisbane CBD, set on a prominent 11,000sqm corner to two main arterial roads, with a sports bar, gaming room with 45 EGMs
CHARTER HALL REIT SNATCH COLES FREEHOLD FOR TOP-DOLLAR $22m Read More »
Patrick Gallagher has joined the ranks of the banana-benders, buying Jaz Mooney’s thumping Meadowbrook Hotel in the Queensland golden mile. The Hotel is a large-format pub built in the late 90s on a 5,934sqm site in Meadowbrook, in Logan City, between Brisbane and the Gold Coast. It counts multiple bars, an alfresco restaurant, 20 pub-style
As Brisbane powers on with public and private development in all directions, the Criterion Tavern in the heart of the business district has hit the market. The Criterion Tavern occupies 863sqm of the lower level of a high-rise office building at the corner of George and Adelaide Streets, in the CBD. It counts an L-shaped
The Doyle family has put to market their big Paradise Valley Hotel in Clematis, offering a rare freehold going concern with expansion potential in the outer reaches of Melbourne. The Paradise Valley is located on a generous 9,916sqm block on Belgrave-Gembrook Road, route C412, just over 60 kilometres from the Melbourne CBD, in the heart
DOYLES OFFER PARADISE VALLEY GOING CONCERN AND POTENTIAL Read More »
Newcastle’s Mary Ellen Hotel has been sold by its newcomer local owner to private hotel investors. Merewether resident Adam Sherman purchased the Mary Ellen off-market late 2016, bringing extensive hospitality and business experience including decades owning and operating multiple McDonalds stores. While eager to succeed in the new sector, the serial entrepreneur listed the Mary
The freehold interest of Colonial Leisure Group’s popular Lucky Coq is for sale, offering a prized lot five kilometres from the Melbourne CBD with certified earnings for the next dozen years. Colonial Leisure Group (CLG) operate 10 venues across Victoria, and a total of 20 Australia-wide. The Group has been at Windsor’s Lucky Coq since
The stunning Esplanade Hotel property has been put to market by Primewest, offering one of Perth’s premier accommodation and conference venues and development potential, with price tag believed to be north of $100 million. The historic Esplanade Hotel, on the corner of Marine Terrace and Essex Street in Fremantle, was built in 1897, making it
FREMANTLE INSTITUTION THE ESPLANADE HOTEL TO MARKET Read More »
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