Ale Property Group News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The properties will go to auction at Melbourne s Crown Casino through Burgess Rawson on March 31. Ale Property Group lease the pub to Australia s largest pub operator ALH on a 25-year term to 2028 plus four 10-year options through to 2068. Burgess Rawson Queensland sales director Glenn Conridge said it was rare for three properties to hit the market at once. The Pelican Waters Tavern is set to go under the hammer later this month with its parent company Ale Property Group s website valuing the waterfront venue at $7.6m. Single tenanted pubs on this scale that are on long leases to ALH, don t hit the market often, Mr Conridge said.

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