NSW Commercial Property News

From caravan parks to country pubs and old world farming estates, there has been healthy demand for commercial property during the coronavirus pandemic. 

Industrial sites, warehouse listings and a massage parlour proved popular in last week’s commercial listings on realcommercial.com.au.

The top end of the pub market has shrugged off almost all signs of the pandemic, with Sydney’s Narwee Hotel selling for $45m, a 2020 record.

A Bunnings Warehouse in the inner Sydney suburb of Alexandria has just sold to an arm of the acquisitive Charter Hall empire for $70m.

For those partial to a flutter and a frothy, property analysts say now may be the perfect time to make your move, with a plethora of Australian watering holes currently on the market, especially in country towns.

As domestic leisure and business travel picks up, international hot­el operators are swooping on city and suburban hotels signing management agreements and introducing new brands to Australia.

A Top End fishing lodge and adventuring business in the Tiwi Islands continued to attract prospective buyers, sparking an astounding amount of interest in the commercial property market last week.

The Grocon construction business is in the hands of administrators KordaMentha after a week of talks about the future of the business.

Hotelier Justin Hemmes’ Merivale Group has paid about $32 million for Randwick’s the Duke of Gloucester Hotel, known as The DOG.