Buying Commercial Property

Celebrity chef Matt Moran won’t have to wander far for a beer and a steak after he and pubs partner Bruce Solomon picked up the Clovelly Hotel. This article originally appeared on theaustralian.com.au/property.

From Bunnings to brothels to Dreamworld, it’s been a huge year in Australian commercial property. 2016 ran the full gamut when it comes to news, and here are the 10 stories you couldn’t get enough of.

Private investment firm Pro-invest Group has snapped up a second hotel site in Melbourne’s central business district and will develop a Holiday Inn Express on the $30 million property. This article originally appeared on theaustralian.com.au/property.

Australian consumer sentiment dipped slightly last month. But if you conducted the survey today on Sydney’s Northern Beaches, I’m confident we would see a big spike. This article originally appeared on theaustralian.com.au/property.

A Salvation Army building known as the “People’s Palace” and operated as a cheap hotel for 104 years has sold for more than $2.7 million.

Gone are the days of hotels being a simple “pay and stay” exercise. Hotel guests now expect much, much more from their accommodation experience, and hotel operators know it. Here are the top five hotel trends.

Industrial real estate and funds specialist Propertylink Group has snapped up an industrial complex leased to online fashion retailer The Iconic, in a $46.6 million play.

A pair of KFC fast food outlets were an early Christmas treat for buyers at Burgess Rawson’s final investment auctions of the year, where $109 million worth of commercial property sold in two days.

If you want to see investors step all over each other in their quest to secure a commercial property, just go to a Bunnings Warehouse auction.