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ROYAL EXHIBITION SOLD AS OXFORD BOUGHT

Posted on November 16th, 2015 by Clyde Mooney
Surry Hills cornerstone, the Royal Exhibition, has sold amid hot competition in the city fringe. The multi-level freehold going concern adjacent to Central Station was divested by private owners Michael Wiggins and Joanne Cassar, as part of plans to finance

IRIS OFFLOADS TOP GAMING PUB & DEVELOPMENT

Posted on November 13th, 2015 by Clyde Mooney
In a year peppered by top-dollar transactions, Iris Group has executed one of the biggest gaming pub sales with the Oxford Hotel. The landmark Drummoyne hotel and adjacent retail property have sold for around $34 million in a clear indication

“LUCKY” GAMING PUB HITS MARKET

Posted on October 16th, 2015 by Clyde Mooney
Budding top gaming pub the Lucky Australian is being sold by receivers amid the fallout from Court proceedings and other complications surrounding the divorce of one of the owners. The Lucky occupies a large, prominent block, with plenty of upside

ROYAL EXHIBITION TO SHOW REAL ESTATE MARKET STRENGTH

Posted on September 30th, 2015 by Clyde Mooney
A prominent city fringe freehold going concern has come to market, with a range of potential upsides likely to test market potential. The Royal Exhibition Hotel is in the heart of Surry Hills, adjacent to Central Station, and significantly, outside

NORTHERN BEACHES PUB JOINS RESIDENTIAL SELL-OFF

Posted on June 5th, 2015 by Clyde Mooney
The Brookvale Hotel has joined a distinguished list of pubs looking to capitalise on Sydney’s housing boom. [caption id="attachment_2662" align="alignright" width="483"] Brookvale Hotel. Image: Google maps[/caption] The Pittwater Rd site will be subdivided and the rear carpark and part of

$25M GAMING PUB SALE PART OF “FRENETIC” 2015

Posted on May 29th, 2015 by Clyde Mooney
A top gaming hotel has sold for $25 million, in one of the State’s “fastest growing LGAs”. The Macquarie Hotel, in Liverpool in southern Sydney, is currently ranked #57 on the OLGR gaming venues list, and boasts 30 EGMs and

RAW GROUP GOES COMMERCIAL WITH PURCHASE OF IPG PUB

Posted on April 27th, 2015 by Clyde Mooney
Independent Pub Group has completed its strategic exit from Queensland, selling the last of its hotels in that State to the up and coming Raw Group. The Commercial Hotel Nambour was the seventh and final asset sell-off for IPG, with

CLOSEST PUB TO BADGERYS CRK AIRPORT UP IN THE AIR

Posted on April 20th, 2015 by Clyde Mooney
As plans for Sydney’s new airport at Badgerys Creek take off, the local pub has hit the market. Boasting a string of features including 30 well-appointed accommodation rooms, the Wallacia Hotel is positioned to capitalise on the massive influx of

NEWHAVEN HOTELS OFFLOADS KEY ASSET TO LAUNDYS

Posted on April 13th, 2015 by Clyde Mooney
The publicly listed Newhaven Hotels has divested another pub from its portfolio, selling the Bateau Bay Hotel to Laundy Hotels for $11 million. Speaking to PubTIC, Newhaven chairman Fred Kelly said the timing was right. “The directors of Newhaven believe