Rich Listers cash in as $100m worth of pubs change hands in January

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Rich Listers cash in as $100m worth of pubs change hands in January
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Pub broker Andrew Jolliffe says the flurry of January deals points to another busy year for the sector after $2.2 billion of these assets sold in 2022.

More than $100 million worth of pubs, taverns and lodges have changed hands in the first three weeks of 2023, pointing to another bumper year for the red-hot sector, after a record $2.2 billion of theHeadlining the flurry of January deals was the billionaire property-loving Roche family, who took advantage of strong market conditions to sell Harrigan’s Irish Tavern and Harrington River Lodge east of Taree on the NSW mid-north coast for about $16 million.

HTL Property managing director Andrew Jolliffe and colleague Xavier Plunkett negotiated the sale of Harrigan’s Irish Tavern and Harrington River Lodge, HTL’s Dan Dragicevich and Blake Edwards negotiated the sale of The Commo while Mr Edwards, his HTL colleague Sam Handy and Stef IppolitoWhen combined with two deals in Queensland – the details of which are yet to be revealed – Mr Jolliffe said the total value of pub transactions completed by HTL over the first three weeks of 2023 would exceed...

Outside of NSW, the property development arm of Coles has sold the Hope Inn Hotel and First Choice liquor store in the inner Adelaide suburb of Hindmarsh for $9.55 million to a Melbourne-based investor on a yield below 5 per cent.

have put the Leura Gardens Resort in the Blue Mountains up for sale with an asking price of more than $20 million.

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