The Kospetas family has bookended its portfolio swap-shuffle with Barham Hamarashid, completing the off-market sale of The Mill in Bondi Junction, following exchange on the Evening Star. What was the Mill Hill Hotel was a modest two-storey premise previously owned and operated by the Waugh family. It was acquired by developer TWT Property Group, which […]
Arthur Laundy and his Redfern partners have offered to market their refurbished, undercooked local, on the fringe of the Sydney CBD. In 2021 the pub king collaborated with new operators Aaron Crinis and Justin Tynan to buy the three-storey suburban hotel. Crinis is proprietor of acclaimed North Sydney restaurant Glorietta, but this was his first
Continuing its portfolio shake-up, Universal Hotels is selling the Newtown Hotel in Sydney’s inner west, meeting the surging market for high cashflow operations. Well located at the gateway to the famed and vibrant King Street retail and entertainment strip, the Hotel sits on a high exposure corner of over 700sqm, close to Newtown Train Station
The site of the failed, former Kirribilli Club is being offered for sale, presenting opportunity for a revised offering to capitalise on its north shore location and sweeping harbour views. Lot 1 at 11-23 Harbourview Crescent in Milsons Point spans three levels – ground, mezzanine, and first floor – overlooking Lavender Bay. The present layout
Prized waterfront icon the Bridge Hotel of Mordialloc has officially been listed for sale, offering a trophy asset in the southern capital. While the current two-storey structure was built 1870, a hotel has been on the site since circa 1851, the large-format premise occupying 6,961sqm, proximate to Mordialloc train station and multi-million-dollar properties and just
One of Sydney’s oldest and most beloved pubs, home of the first pub-brewery, the Lord Nelson in The Rocks, has been bought by pub king and brewer of late, Arthur Laundy. Landmarking the corner of Kent and Argyle Streets, the multi-storey building, in Old Colonial Regency style, was constructed in the late 1830s from local
Colourful stalwart of Surry Hills the Evening Star has been snatched by the Kospetas family’s cosmic Universal Hotels. The Evening Star holds history attendant with the precinct, once home to media and newspaper tycoons partaking of its liquid offerings. Located on Elizabeth Street opposite Sydney’s Central Station, it is on the doorstep of the new
Lancer Group’s Royal Hotel in regional hub Tumut is being sold with plenty of blue sky, as investor owners in Sydney look to consolidate. Residing on a substantial 3,250sqm, the Royal is a classic two-storey brick structure built in 1854, with a full-length balcony overlooking Tumut main drag Wynyard Street. The pub provides a large
Recent freehold sales in the Victorian capital signify the resurgence of activity in the market as sharp yields reflect both investor and industry interest. The freehold interest in the Cornerstone Hotel of Port Melbourne transacted in recent weeks at a confidence-inspiring yield of 4.50 per cent. Built 1860, the staunch two-storey Georgian brick pub reflects
MELBOURNE METRO FINDING ‘MARKET-DEFYING’ RESULTS Read More »
Landmark ‘precinct’ pub Bells has come to market, Sam Tresise presenting what is likely to be one of the most contested offerings of 2024 in the tightly held Victorian market. A mainstay institution of South Melbourne, since 1874 Bells Hotel has resided on a commanding corner of the busy junction of Moray and Coventry streets,
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