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,
The run of Victorian regional pub sales has continued with new locals taking over the picturesque Ocean View Hotel in Kilcunda. Found in the heart of Victoria’s picturesque Gippsland coastline, the ‘Killy Pub’ is the flagship of the seaside town of around 600 residents, just under two hours from Melbourne’s CBD. The hotel provides a
Coastal gem the Westernport Hotel of San Remo has hit the market, available for the first time in 20 years. The popular pub occupies a 2,781sqm corner site with over 100 metres of dual street frontage. Inside is a well-patronised front bar, large family-friendly bistro, beer garden at the front with stunning views of the
WESTERNPORT ON MARKET FOR FIRST TIME IN 20 YEARS Read More »
New locals have taken the Fitzgerald prize, adding Mudgee’s historic Paragon Hotel to their growing portfolio. Built 1857 amid the region’s goldrush, the hotel was originally known as the Bushman’s Home. Around a decade after it was established it was renamed the Paragon. It occupies a prominent corner of Perry Street and Gladstone streets, providing
Rod Salmon is looking to divest his newly re-branded and refreshed Chatswood Hotel, on Sydney’s gold-plated north shore. The two-level pub, formerly known as the Chelsea, occupies a 765sqm strata site opposite the entrance to Chatswood station, which sees around 43k passengers daily, and is surrounded by residential and commercial buildings. Configured in an efficient
Paddington’s famous Unicorn Hotel has been sold as a restapled freehold going concern to the Feros’ JDA Hotels. Commonly known as ‘Fringe Bar’, the Unicorn is famed for its Monday night comedy acts and eastern suburbs socialite crowd, being located on Oxford Street, amid the high fashion retailers of Glenmore Road and a conga
Redcape has furthered its portfolio shakeup and Gallagher Hotels has traded up, seeing sale-swap of the Criterion in Sydney and Crescent Hotel in Fairfield, in a transaction worth a combined $70 million. The high-profile sale and purchase deal reflects the ongoing variations in boardroom strategies, as both groups look to deploy capital and capitalise on
The high-profile Evening Star Hotel on the edge of the Sydney CBD has come to market, amid multi-billion-dollar infrastructure investment on its doorstep. Located on Elizabeth Street, a 2-minute walk from Sydney’s Central Station and Light Rail, the Star features a spacious single-operation public bar, commercial kitchen, and gaming room with its own entrance, under
EVENING STAR FOR SALE AS SURRY HILLS SET TO SHINE Read More »
Cobar’s thriving Empire Hotel is being sold through receivers, as part of the consolidation of business interests of a private owner. The pub resides on a generous 3,127sqm lot with dual street frontage. It is configured for single bar operation, aiding operational efficiencies, and holds an enviable 2am late-trading licence. It provides a large public
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