pubs

One of Sydney’s most revered drinking holes, The Oaks Hotel in Neutral Bay is up for sale for the first time in 50 years and is expected to spark a bidding war between pub barons.

Big pubs attract big love, and Broken Hill’s most prominent watering hole is likely to attract a domestic buyer who’s all in for life in the outback city, analysts say.

The pub sector has shown no sign of declining, breaking sales records in major markets such as NSW as banks continue to back the investments.

A string of hotels in Newcastle, Port Macquarie, and Taree have been sold to the commercial market over the past two weeks.

The famed Sydney strip is winning back tourists and developers are also taking their slice.

One of Brisbane’s oldest pubs, and one of the rare family-owned and operated hotels, is on the market and expected to break sales records. The heritage-listed Pineapple Hotel in Kangaroo Point, that has been owned and operated by the Singleton family, is being offered as a leasehold and going concern for the first time in 32 years.

Justin Hemmes says trading is down 20 per cent because his venues are short 1000 staff while veteran publican Arthur Laundy is flying in chefs from Nepal amid the worst labour shortages ever.

Another famous Surf Coast pub has changed hands with the freehold to the beachside hotel at Wye River selling in a multimillion dollar deal.

The historic pub has hit the market after 20 years of ownership, which includes the venue’s liquor license, wood-fired pizza oven and six upstairs bedrooms.