Adrian Fonseca and developers Ben and Jono Isaac were the big winners from a property auction after selling a McDonald’s in Newcastle for $5.5 million.
A McDonald’s restaurant in Wollongong sold 60 basis points below the cash rate as investors spent $31m on recession proof assets at portfolio auction in Sydney.
Every time I drive through Rose Bay, I wonder why the hell someone doesn t just move in to what was Pier/Sailors Club/Regatta, and do great fish and chips. Let s face it, that s what people want, and that s where people want it – on a pier fringed by a marina, parklands and promenades.
Well, now someone has.
And, of course, it s the Boathouse Group, purveyors of fine fish and chips in Balmoral, Palmy and Patonga. Now part of Isaac Property, it s the first venture south of the bridge for Andrew and Pip Goldsmith, who still run day-to-day operations. No surprise, therefore, that it has Boathouse DNA, from the massive, shell-framed mirror at the entrance, to the sea-green tiled reception with its massed floral displays and oyster shell chandeliers.