Sunday, May 19, 2024

CATEGORY

Property

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.

Avenel Station offer diverse revenue sources

New South Wales western crown land lease Avenel Station is expecting interest north of $20 million from buyers looking for expansion, as well as those with funds for carbon credit projects. Located 150 kilometres north of Broken Hill, Avenel Station spans 121,810 hectares and comprises Avenel, Mt Westwood, Joulnie and Teilt.

Family buys Belvedere

Grazing and cropping property Belvedere has sold for close to $4 million to a family of landholders from the Southern Riverina. Located 86 kilometres north east of Brewarrina and 95 kilometres north west of Walgett, the 6,841 hectare property is suited for fattening sheep, cattle and goats. It has open and flat Mitchell grass country with alluvial grey self-mulching soils and seasonal river flows that produce beneficial flooding. Belvedere features 17 kilometres of Narran River frontage and an artesian bore.

Mount Manning aggregation sold

Stephen and Claire Schmitt from Southern Downs have paid $3.6 million bare for the fully operational Mount Manning grazing aggregation. Located 25 kilometres north of Warwick and 136 kilometres south west of Brisbane, the aggregation comprises the 426-hectare Mount Manning and the 362-hectare Mullins Block.

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.

Katter slams government purchase of Cape station

Katter's Australian Party leader Robbie Katter says he is concerned that the state’s bid to buy Bramwell Station is leading to an inevitable locking up of Cape York ... “We don’t have the cash to be spending money on pointless environmental exercises, that will arguably deliver poorer outcomes than if the land were to remain in private hands,” the Mount Isa-based MP said.

Angus Seekamp buys in Broken Hill

The 33,789-hectare land lease of Wendi Station, in the far west of New South Wales, has been bought by Angus Seekamp from close by Woolcunda Station for $6.05 million. Situated 20 kilometres from the Silver City Highway and 100 kilometres south of Broken Hill, Wendi Station is suited to both cattle and sheep and has been owned by Mark and Chris Eglinton for 40 years, who will now retire.

Roc goes with the flow of Murray River

Sydney-based private equity firm Roc Partners has bought a majority stake in the Murray River Land business, giving it control of more than 60 farms either side of the river. Mostly former dairy farms, the northern Victoria and southern New South Wales properties span a combined 10,000 hectares between Numurkah and Tocumwal.

Plans to unlock former Grafton Gaol site

Under the proposal, a portion of the site will be transferred to the Grafton Ngerrie LALC to support better outcomes for the Aboriginal community, and successfully resolve an Aboriginal land claim. Another parcel of land adjacent to Grafton Base Hospital will be transferred to NSW Health ... the SE portion, which comprises significant heritage items, will be set aside for future adaptive reuse with heritage protections in place ...

Warrgamay people have always known

Queensland Resources Minister Scott Stewart said the Federal Court will recognise the Warrgamay People’s long-standing rights to more than 185,000 hectares of land and water at a virtual hearing ... the decision covers an area from Lucinda on the coast, up to and along the Seaview Range and into Girringun National Park.

Lands Acquisition Act review

The Morrison Government has today released the Review of the Lands Acquisition Act 1989 (the LAA) and has accepted all 16 recommendations in full.

Queensland Government buys Bramwell Station

The Queensland Government’s Department of Environment and Science has snapped up Australia’s northernmost pastoral property, Bramwell Station, for about $11.5 million after auction.

Bramwell sold at auction but state could withdraw

Bramwell Station was sold to the Queensland government for $11.5 million at a public auction last week, but the deal appears to be in jeopardy. Cape York Weekly can reveal the state government was one of four registered bidders at the online auction and was the only one to make a bid.

Bathing in traditional culture and geological wonders

Visitors on the “Savanah Way” west of Cairns can soak up traditional culture and enjoy the enchanting landscapes of Ewamian country with the official opening of Talaroo Hot Springs, as part of the Palaszczuk Government’s Covid-19 Economic Recovery Plan. Assistant Qld Tourism Minister Michael Healy said Talaroo Hot Springs, beside the Einasleigh River, was opened by the Ewamian Aboriginal Corporation.

Maranoa sale sets new record

A scenic 435-hectare property in the Maranoa region has been picked up by an expanding local family for $2.18 million, setting a new district record for a bare block at $5,011 per hectare.

Manning family sell SA pastoral after 86 years

The Manning family has brought to a close 86 years of ownership of Mahanewo, selling the 119,000 hectare station in South Australia’s far north for close to $4.5 million. A farming family from the mid-north of the state bought the prime pastoral country on a walk-in, walk-out basis including 4,596 merino ewes, rams and plant, after two years of looking to diversify into grazing.

North Queensland station triples in value in less than five years

North Queensland grazing and farming property Inkerman Station has been sold for over $30 million, with the cattle price boom propelling its value to almost triple what it was less than five years ago.

Yamba’s oldest cottages

John McNamara. In March 1884, the lease and household effects of the “Ocean View” Boarding House in Pilot Street overlooking Yamba Beach was taken up by James and Hannah Ryall who later purchased the freehold from Kinnear in 1888. Ryall was a baker and established a bakery adjoining the boarding house.

Diamantina National Park de-fenced

Close to 300km of old barbed-wire fencing along Diamantina National Park has been removed to protect native animals including the rare night parrot ... The fencing was installed by farmers to manage livestock before the park was purchased by the Queensland Government in 1992. “It’s been close to 30 years since the land was transformed into 507,000 hectare national park, and in that time we’ve seen many resident and migratory bird species return to the local wetlands, which act as a haven in an otherwise arid region,” Minister Scanlon said.

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