Every man and his dog sells
The freehold and business of Every Man and His Dog Vineyard in the Tasmania tourist hot spot of Richmond, outside of Hobart, has been sold.
Visit: Revamped decor will make pub and village a destination
Lisa Stewart stood on the burnt ground among the charred trees at Rappville and looked across the railway line to the grand 1911 hotel. She was drawn to buy it, she said, although at the time she didn’t know why the pull was so strong. That was 18 months ago and with partner Colin Foyster, they have transformed the pub.
New registration laws for short-term rental accommodation in NSW
From 1 November 2021, owners of short-term rental accommodation (STRA) will be required to register their properties with the NSW Government and will no longer require Council planning approval.
Council waives permit fees for outdoor dining
Bass Coast Shire Council will waive permit fees for hundreds of hospitality venues to encourage more outdoor dining to help the region bounce back from pandemic lockdowns.
Pub yields compress further
Continued thirst for pubs, particularly in regional Australia where demand has increased by 135%, has pushed yields down further, according to Real Capital Analytics. Benjamin Martin-Henry, RCA’s head of analytics, pacific said despite rolling lockdowns across much of Australia over the last 18 months, property investors have shown a remarkable interest in acquiring pubs, with transaction volume on course to eclipse previous highs.
Soup made to share
Serena Kirby. Dozens of locals have been lining up on Tuesdays to enjoy a bowl of soup as the new local Soupy gets up and running. This weekly community get together is the brainchild of Lindsey Sesin who came up with the idea as a way of using the excess produce she sometimes has from her Denmark Home Grown business.
Queensland investor drives to Narrabri Club Motor Inn
The Club Motor Inn has been sold for $4.5 million, nearly 18 months after owners the Narrabri Bowling Club entered into voluntary administration ... Narrabri lies in the heart of the Namoi Valley, around six hours’ drive and 568 kilometres north west of Sydney, in what is an agricultural and administrative centre that is being transformed into one of the state’s largest gas mining regions.
Another pub for sale in Casino
The pub on Casino’s busiest roundabout is up for sale. No one is saying how much it is expected to sell for but Hotel Cecil is on the market ... In 1919, the Cecil was cut into pieces and dragged by a bullock team to its current site on Centre St. This is the first time in 45 years it has been on the market.
It’s the pub with cheap beer
Claire Rankin. Coraki Hotel publican Ron Macdonald has been forced to sell his tap beer as takeaway because of the lockdown ... Lockdowns both this year and last have forced Mr Macdonald to sell his tap beer at a cut price, because brewers reject opened kegs.
Melbourne duo splash $80m for Byron Bay watering hole
Hollywood celebrity and billionaires playground Byron Bay has seen the biggest pub deal this year after Melbourne duo Scott Didier and fintech founder Scott Emery bought the Great Northern and Lateen Lane properties from the Mooney family for $80 million.
Albury watering hole fetches a whopping $22m
A consortium comprising the O’Hara, Laundy and Cruikshank families has extended their regional NSW hotels acquisitions run, snapping up the Springdale Heights Tavern in Albury off-market for $22 million. The consortium had just picked up the Sportsmans and Duke of Kent hotels in Wagga Wagga.
New England pubs selling like hot cakes
Moree's Royal Hotel has become the third pub in the New England region to change hands in the past 10 days, with purchaser Jim Knox making his second acquisition in the area among those. HTL Property has managed each of the sales, with the agency’s Xavier Plunkett brokering the latest deal via a buy-side mandate for established hotelier Jim Knox.
Ned Kelly takes a punt with Casino buy
The Tattersalls Hotel in Casino, NSW has become the latest pub sale in a bustling market, in a circa $9 million deal. The large format Tattersalls Hotel, Casino includes a public bar, bistro, commercial kitchen, 20 accommodation rooms, a function space and gaming room with 14 gaming entitlements and was sold with a further eight gaming entitlements from a separate pub owned by the same vendor, publican Craig Lusby.
Hunt Hospitality secures historic 170yo pub
Newcastle-based hospitality management firm Hunt Hospitality has acquired the 170-year-old 1851-built Imperial Hotel in Maitland. Manenti Quinlan & Associates, together with Moore and Moore Real Estate, sold the venue to the Imperial Hospitality Group owner back in 2017 and managed the off-market campaign this time around.
Exchange, Tatts and Oxford pubs sold
Publican Craig Lusby has sold the Tattersalls Hotel and the Oxford Hotel in Casino for close to $10 million. Kelly & Co Hotels bought the pubs including the eight gaming entitlements of the Oxford Hotel in Walker St ... The Exchange Hotel in Kyogle has also been sold.
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