In a market probing for opportunity, Australia’s biggest pub landlord is testing the waters with one of its prized ALH-leased properties, Paddington’s Berwick Hotel. The ASX-listed ALE (ASX: LEP) holds a portfolio of 86 properties across the five mainland States, exclusively leased to Australian Leisure & Hospitality (ALH). The combined value of the portfolio tops […]
The Schwartz family has listed two big Melbourne investment properties, including the city’s oldest pub – Dixon Hospitality Group’s Duke of Wellington. Melbourne freeholds continue to lead the charge on yield benchmarks, averaging below six per cent and dipping below three per cent on select properties. Publisher and property developer Morris ‘Morry’ Schwartz has put
Against the trend in a booming industry, the receiver sale of Lithgow’s Tattersalls Hotel has emerged, the neglected property and stalled business heading to auction. The freehold of the Tattersalls was bought around a decade ago by the incumbent, offering a strong yield based on unrealistic rent from the tenant. Settlement was swiftly followed by
Paddington’s Captain Cook Hotel opposite Allianz Stadium has come to market, as the operators look to new projects in development. The Captain Cook has stood since 1882 at the intersection of Flinders St and Anzac Parade, where eastern suburbs arterial Moore Park Rd meets Foveaux St, opposite Moore Park and both Allianz and Sydney Football
Chris Feros has put to market his booming Terrey Hills Tavern, as the king of the south continues his domination of The Shire. Set atop one of Sydney’s most idyllic underdeveloped regions, a few kilometres inland of the upper Northern Beaches, the Terrey Hills Tavern occupies a whopping 15,870sqm between Mona Vale and Myoora Roads,
John Singleton has listed his tenure in the iconic Icebergs bar in Bondi, continuing his run of hospitality sales while business is booming and prices are high. Perched on the top level of 1 Notts Ave, facing north-east across Bondi’s legendary Beach and right-hand break, Icebergs Dining Room & Bar (IDRB) is its own kind
Furthering the NSW coastal surge, popular Port Macquarie pub Finnian’s Irish Tavern has come to market. Finnian’s occupies a large 1,223sqm site on the same block as one of Port Macquarie’s largest shopping centres, between a Coles supermarket and a Dan Murphy’s. Established in 1999, Finnian’s reports annual turnover of $4m, incorporating a strong food
In a market short of metropolitan opportunities, the Ruby Hotel in Rozelle is for sale or lease following extensive refurbishment and operation by the investor owner. Michael Huang purchased the Ruby in 2015. Commonly known as Ruby L’otel, it enjoys a good-sized block in a prominent position on Victoria Road opposite O’Conner Reserve, just four
Fitzroy’s thumping Tankerville Arms Hotel is to be sold via auction, with price expectation exceeding $20 million. The Tankerville sits on 1,087sqm on the prominent corner of Nicholson and Johnston Streets Fitzroy, just two kilometres from the heart of Melbourne. Built in 1865, the two-storey pub incorporates a bar, bistro, upstairs function room accommodating 120-pax,
TANKERVILLE ARMS HEADS TO RARE VICTORIAN AUCTION Read More »
The Brisbane Valley Tavern and Centre have come to market, offering five tenancies and underlying gaming value in one of south-east Queensland’s thriving regions. The Brisbane Valley Centre in Fernvale is a 3,174sqm block incorporating the Tavern and Motel, as well as retail tenants including a Pizza Hut, netting annual rental income close to $300k.
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