Hotel Listing

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A historic Braidwood hotel, once frequented by Mick Jagger, has been listed with $2.6 million hopes.
The two storey property at <a href="https://www.realestate.com.au/property-house-nsw-braidwood-132195558" target="_blank">145 Wallace Street</a>, the comprises a pub, a restaurant, bottle shop, and an 17 bedroom hotel. 
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The Royal Hotel was built by James O'Brien in the 1890's and was once a staging point for coaches during the boom time of the gold rushes.
It became officially known as The Royal Mail Hotel in 1970 while the movie Ned Kelly was being filmed in the area.
Legendary rock singer Mick Jagger, who starred in the film, stayed at the hotel during its production, and was known to frequent the bar in his time-off.
The pub is ran by former Araluen farmer Jamie Raynolds, who took over the lease in 2016. 
Ray White's Denver Shoemark is marketing the property.
  
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Historic Braidwood hotel, once visited by Mick Jagger, hits the market

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The leasehold interest of the Captain Cook Hotel in Paddington has been listed for sale. 
The commanding four-storey hotel sits on 545 sqm near the Moore Park sports stadiums on the corner of Flinders Street and Moore Park Road.
The hotel comprises a main bar area, live music and band room and a bistro room that extends to a side courtyard.
There's also a pokies with 15 gaming devices.
The upper level accomodation rooms are subject to a proposed sublease to Clover Backpackers on an initial three year lease which substantially offsets the hotel rental.
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It is being offered on an unexpired lease term of 17 years.
MQ &amp; Associates agent Leonard Bongiovanni is marketing the leasehold on behalf of Jirsch Sutherland Insolvency Solutions.
It has been mooted that declining crowds following the nearby stadium demolition contributed toward the current trading situation.
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“The Captain Cook Hotel offers entry into the tightly held Sydney Pub market," Bongiovanni said.
"The Hotel has the bones to trade as a magnificent venue with an astute operator poised to take advantage of the busy surroundings by tapping into both local, and busy event trade. 
"The venue truly is in the box seat for a grand new beginning.”
The Sydney Cricket and Sports Ground Trust reported that close to two million fans visited the SCG and Allianz in the 2018 financial year.
There will likely be a higher influx of fans attending the Allianz when construction finishes on the modern 45,000 seater stadium.
 
 
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Paddington's Captain Cook Hotel leasehold listed

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The Larmont Hotel in Sydney's King Cross has been listed for sale with $55 million hopes.
The 103 room, five-star hotel is ranked seventh in Sydney by TripAdvisor having undergone an extensive $8 million transformation before re-opening its doors in late 2017.
The building last traded for $23.2 million in 2014 when it was sold by 8Hotels group, the boutique hotel group of the Melbourne-based hotelier Paul Fischmann, who had paid $18.2 million in 2013.
It was bought by listed Singapore real estate developer Tee Land, who, along with Lancemore Group hoteliers Jan and Peter Clark, spent $12 million on acquiring the privately held apartments on levels 11 and 12 and turning the 24 units into more rooms.
It became Larmont Sydney by Lancemore, having previously operated as the 76 room Diamant Hotel. Levels seven to 10 are commercial strata offices.
Set behind the King Cross icon the Coca-Cola sign, Larmont has a number of rooms with extensive terraces that look across the city skyline and the harbour.
Rooms start at $215 a night.
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Each room is designed by Hassell studio and is fitted with modern furniture, marble bathroom vanities, freestanding baths and rain showers.
They have semi-open bathrooms which allows guests to take in the city views.
It also has an in house restaurant, Hyde.
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Gus Moors and Karen Wales are marketing the building, with two retail tenancies also to be listed.
The Larmont is currently ran by the Lancemore Group, a family ran business who are offering a hotel management agreement for the successful buyer.
The Lancemore Group have six hotels across New South Wales, Queensland and Victoria, including Lindenderry on the Mornington Peninsula and Alamanda at Palm Cove near Cairns.
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Potts Point's Larmont Hotel building for sale

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A hotel in Camperdown is set to hit the market amid the NSW Government upgrade and revitalization of the corridor between Sydney and Parramatta.
The contemporary freehold property at 108 Parramatta Road consists of 37 self-contained hotel rooms across its three levels.
Last traded for $2,025,000 in 2005, the property, owned by a private investor family, is on a 5 + 5 + 5 year lease to longstanding tenant Quality Suites Camperdown. Rooms fetch between $179 and $209 a night.
It has a building area of 1,400 sqm on its 485 sqm site, with three street frontages along Parramatta Road, Lyons Road and Purkis Street.
The property is for sale through Andy Hu and Michael Simpson of Savills Australia and Anthony Pirrottina and Demi Carigliano of Knight Frank. 
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The listing comes amid the Urban Transformation Strategy which aims to improve the corridor between Parramatta and the Sydney CBD over the next 30 years.
The strategy will invest in homes, jobs, transport, open spaces and public amenity. 
Camperdown, in Sydney’s Inner West, has been identified as one of the eight ‘Precincts’ earmarked for renewal due to its unique access to jobs, transport, infrastructure and services, such as the Royal Prince Alfred Hospital and the University of Sydney. 
The Precinct which will be known as the ‘Camperdown Triangle’ will offer taller buildings catering to both residential and business markets – a combination of health, education, technology, attracting new business to this crossroad and reinvigorating the wider area.
Savills agent Andy Hu said properties such as [the Camperdown hotel] are rarely offered to the market in the tightly-held Sydney CBD Fringe. 
“We expect a lot of interest from local investors as well as a large number of offshore investors looking to capitalise on the changing landscape of the area” he said. 
“Hotels are definitely seen as a safe haven investment, especially in Sydney, with growing tourist numbers year on year” Hu added.
According to recent data from Savills Australia, Australian domestic visitor nights were up 2.5% to 22.8 million and international visitors were up 4.1% to 3.9 million for the year ending January 2019.
Of the top 10 international visitor markets, Australia made up 38.7% of the total share of visitors, with China following at 11.7%.
 
 
 
  
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Quality Suites Hotel in Camperdown listed by Savills for over $17 million

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Port Adelaide's iconic Portland Hotel premises has been listed for sale for the first time in over a decade.
The <a href="https://www.commercialrealestate.com.au/property/286-commercial-road-port-adelaide-sa-5015-2014996691" target="_blank">Commercial Road property</a> last sold in 2006 when it fetched $2.3 million, $300,000 up from its $2 million trade just two years earlier.
The Portland Hotel was established in 1886.
The ground floor comprises a sports bar with pool table, a bistro lounge, TAB, alfresco area and a gaming lounge with 33 machines.<a href="http://commercialpropertysearch.savills.com.au/ad924a0c-5a44-e911-80dd-005056816dfc/Sale/Port-Adelaide/286-Commercial-Rd"> </a>It is serviced by the main kitchen.
Upstairs there are 14 bedrooms, a communal kitchen and an office.
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Savills agents Rob Williamson and Steve Bobridge are marketed the freehold corner property with a long term lease 5+5+5+5+5+5 years
It has a current net rental of $235,000 per annum with a building area of 1,155 sqm.
 
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Savills list Port Adelaide's Portland Hotel

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The Hotel Gracelands in Parkes, NSW has been listed for sale.
Located at 7-9 Bushman Street, Parkes is the Hotel Gracelands as well as IKON, a restaurant and wine bar.
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They are currently under a 30 year lease until 2044 plus options until 2064 with annual rent increases to greater of CPI or 3%.
The hotel has 20 appointed rooms plus had DA approval which has since lapsed for 30 additional rooms.
They are reported as having "high level of repeat corporate clientele."
The net income for the property is $191,336 plus GST and the tenants pay all outogings.
In 2014 the property sold for $2 million.
The auction is set for October 23.
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Parkes' Hotel Gracelands for sale

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The recently relaunched Frisco hotel has been brought to market by Manenti Quinlan.
The Frisco, located at 46 Dowling Street, Woolloomooloo is to be sold via Private Treaty.
It is situated in the hospitality precinct of Woolloomooloo, close to the Sydney’s CBD.
Nick Butler from Manenti Quinlan stated, “the current owners have overseen an extensive renovation, relaunching with modern improvements while paying due respect to its naval heritage."
The Hotel, which has 17 gaming machines, is set on 323 sqm and earns around $3.5 million a year in revenue a year across food, bar and gaming.
Set over two levels, the Frisco’s bar, food and function offerings range from rivate dining options for 10 people expand to function packages for up to 350.
The Frisco also holds six accommodation rooms located on the third floor.
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Woolloomooloo's Frisco hotel on the market two years after makeover

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Savills have sold The George Hotel in South Melbourne.
The corner property, located opposite the South Melbourne Market, was bought by a mainland Chinese investor.
The historic inner-city pub sold on a 4.86 per cent yield for $5.2 million.
It reflected a 30 per cent capital gain in less than three years for the Tresise family whose Commercial Hospitality Group will continue to operate it under a lease agreement, which has just over four years to run plus renewal options.
The George Hotel was marketed as "an outstanding investment opportunity with significant future development upside, strong income and a blue-chip position." 
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 The 406 sqm holding is zoned Commercial 1.</div>
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The George Hotel in South Melbourne sells to Chinese investor

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Langley Hall, one of Bendigo's most historic residences, has been listed for sale.
It has been operating as a B&amp;B, fetching between $175 and $200 a night for a room.
The Edwardian landmark in White Hills was built in the early 1900s for Henry Langley, the first Anglican Bishop of Bendigo.
The mansion and its collective buildings comprise over 1,200 square metres, including a grand manor and chapel.
There are 15 bedrooms. In World War I the large living and dining areas were used as medical residential accomodation and the hall was a recuperation centre for returned soldiers.
The 9045 square metre grounds have been restored to maintain the vision of architects William Vahland and John Beebe.
Vahland is regarded as being the principal 19th century architect in Bendigo.
Castran Real Estate father and son agents John and Lachlan Castran seek offers by July 25.
Langley Hall last traded for $1.61 million in 2010.
It has been operating as a B&amp;B, fetching between $175 and $200 a night for a room.
Langley Hall, built in 1903 by the Anglican Church, is expected to sell for about $3 million with scope for a commercial redevelopment or residential subdivision.
The <a href="https://www.realestate.com.au/property/484-488-napier-st-white-hills-vic-3550" target="_blank">484-488 Napier Street</a> premises have been listed by Anthony Gurry.
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Bendigo B&B Langley Hall listed for sale

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A multifaceted Hotel Motel in Hay Point with beachfront views has hit the market.
Savills Hotels agents Leon Alaban, Brent McCarthy and Christian Tsailikis are marketing the property in an area where the market is bouncing back due to a resurgence in mining activity. 
The Hay Point Hotel Motel at <a href="https://www.commercialrealestate.com.au/property/1272-hay-point-road-hay-point-qld-4740-2014383310" target="_blank">1272 Hay Point Road</a> has a June 20 auction, with local and interstate investors expected to be interested.
Christian Tsalikis said it was an ideal time to purchase the asset.   
“The successful purchaser is presented with an opportunity to acquire the asset at a time where market conditions in the region are continuing to improve," he said.
“With the local economy primarily underpinned by tourism, agriculture and mining activity, the influx of visitors to the area throughout this period has set the local economy on a steady incline."
The two hectare ocean front site located around 40 kilometres south of Mackay is minutes from the Dalrymple Bay and the BMA Hay Point coal terminals. 
“The waterfront exposure is arguably the main attraction of the property, and a real investment highlight," Savills agent Leon Alaban said. 
“The beachfront location provides patrons, diners, and lodgers with a relaxed and picturesque view."
The complex features a public bar complete with nine electronic gaming machines (EGM's), a bistro bar and dining room plus alfresco dining space, a commercial kitchen, an additional gaming room with a further 26 EGMs, plus TAB and Keno. 
Hay Point Hotel Motel also has a drive through bottle shop on site.
The Hotel services the immediate catchment unopposed, being the only general licence venue for around 25 kilometres, according to Brent McCarthy.
 
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