Pubs Commercial Property News

A pub landlord is offloading a popular venue in one of the nation’s hottest property markets, and with a major hotelier already in place, the investor may not even need the luck of the Irish to make a big sale.

A 140-year-old Brisbane hotel, which once claimed a crocodile and a swearing parrot as residents, has sold for $4.6m as the country‘s largest pub landlord slims its property portfolio. An unidentified Brisbane investor has purchased the Kedron Park Hotel after it was auctioned off Wednesday by ALE Property Group.

A waterfront pub on the Sunshine Coast and a Brisbane childcare centre each fetched more than $10 million as eager investors snapped up commercial assets with long leases worth in excess of $133 million in portfolio auctions.

Opportunity knocks for the likes of pub barons Jerry Schwarz or Justin Hemmes, with yet another favourite Sydney watering hole set to hit the market.

Pubs, hardware stores, a burger restaurant and a TAB are expected to be hotly contested by investors in a $135 million portfolio auction.

Australia’s largest pub landlord is preparing to offload three of its iconic hotels in Queensland, with overseas, interstate and local investors all keen to blow the froth off the competition.

Billionaire hotelier Justin Hemmes, ranked 98th in the latest The List, Australia’s richest 250, seems set to expand his hospitality empire down south.

An Adelaide-based pub investment fund will tap investors for up to $20 million in additional capital after agreeing to take over three pubs in South Australia.

A Centrelink office, waterfront pub and neighbouring oceanfront homes that may make way for apartments are among a diverse range of commercial properties featuring in this week’s most popular realcommercial.com.au listings.