Amid large-scale public works and growth in Newcastle, a big pub freehold development opportunity has come to market leveraging planning guidelines. The Cambridge Hotel occupies a prominent corner of Newcastle’s Hunter Street, adjoining the lot of 5-7 Denison Street, a two-level commercial office building plus parking. Together they comprise 1,942m² zoned B4 Mixed Use, with […]
The financial climate and frenetic transactional activity in real estate this year has strengthened some emerging trends. PubTIC spoke to Colliers International’s Guy Wells on trends and influences. The company was founded in Australia in 1976, and now boasts 502 offices in 67 countries and global perspective. PubTIC: What influences have you seen most
Popular Melbourne franchise pub Bridie O’Reilly’s has sold to a local developer in a prime location example of opportunity sales taking place in the capital cities. Freehold owner John Connellan developed the business for the Bridie O’Reilly’s group nearly two decades ago, and recently put the property to market with development approval for a residential
DEVELOPER “HUNGER” DRIVES BIG PRICE FOR BRIDIE’S Read More »
Hotel investors are likely to battle developers at the pending sale of popular Melbourne pub Bridie O’Reilly’s. The freehold of a generous block in Brunswick will go to auction later this month, boasting Commercial 1 zoning and the successful Bridie O’Reilly’s lease on street level. Marketing by Colliers International and Gross Waddell cites approval by
DEVELOPER-READY IRISH PUB TO GO UNDER THE HAMMER Read More »
The ultimate ‘Sea Change’ pub has come on the market in Melbourne, offering potential for a landmark holiday destination development. The St Leonards Hotel, overlooking Port Phillip Bay pub south-west of Melbourne, was once the centre of the ABC’s late 90s TV series Sea Change, under the name the ‘Tropical Star Hotel’. It’s located on
‘SEA CHANGE’ PUB SALE COULD WITNESS REDEVELOPMENT Read More »
The acclaimed Terminus Hotel has come on the market as its long-term operator calls end to an “amazing journey”. Driving the Hotel since 2004, Russell Griggs says the Melbourne pub scene has changed dramatically in the past eleven years, and while he has enjoyed reviving the Terminus, his heart is elsewhere. “The Terminus has been
A landmark pub on the outskirts of the Sydney CBD will soon close as its residential value has overtaken that of it remaining a pub. The Alexandria Hotel was built in the 1920s by Tooth and Co, but the location has been a hotel since the 1870s. The building is the last of its kind
HISTORIC SYDNEY PUB TO FALL AS RESI WINS PRICE WAR Read More »
Another Melbourne hotel investment has hit the market, with all buyer types set to circle the corner pub packed with opportunity. Just a couple of kilometres east of Melbourne’s CBD, Abbotsford’s Laird Hotel will likely prove attractive to investors, developers and owner-operators. Boasting features such as a successful, tenanted pub business with typical upsides, plus
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 a year, with an eye to synergies across assorted hospitality interests. Speaking with PubTIC, director
The historic Imperial Hotel at Clifton will be “restored to its former glory” after being boarded up for more than a decade. WIN Corporation has owned the hotel “breathtakingly perched high above the Pacific Ocean” on Grand Pacific Drive for decades, but the building has been closed and unused since November 2003, after a landslide
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