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Premium Content Subscriber only Almost $45m has been splashed on three Sunshine Coast pubs in less than two months as former owners called last drinks. ALE Property Group recently sold Pelican Waters Tavern and the Noosa Reef Hotel and the Scanlon family also offloaded Surfair at Marcoola in an off-market sale. Industry heavyweights Hotel Property Investments and Australian Venue Co snapped up the iconic Surfair after a discreet sales campaign by HTL Property s Glenn Price and Brent McCarthy. It is believed the beachfront hotel sold for $20m. Having previously sold the hotel to the Scanlon family s Suncoast Hotel Group, Mr Price said it was rewarding to be tapped again to manage the family s exit. ....
Absolutely, nine out of 10 are going overs, well above the reserve. In an auction, so long as there s multiple bidders, there s strong results, Mr Jensen said. Some owners have stigmas about auctions based on bad experiences in the past, but any hot market with multiple bidders we always advise an auction. The buyers left over want us to find them something similar. This week, Mr Jensen sold a two-bedroom unit at Alexandra Headland for a record price for its complex at an auction with no reserve price. Ray White Mooloolaba and Kawana auctioneer James Goldsworthy said crowds of up to 100 people were coming out on auction days. ....
Interest came from throughout Australia as well as Hong Kong, America and Singapore. There was national and international interest in Pelican Waters Tavern. It was one of four ALE pubs offered for auction by Burgess Rawson on March 31 which all sold to ALH Group. âOf the four pubs Iâd say (Pelican Waters) was the one that attracted the most interest,â Mr Conridge said. âEveryone was very impressed by the location, not only because it was on the waterfront, but also the adjoining Woolworths anchored shopping centre. Mr Conridge said there were 47 registered bidders on the day and 12 active for the Pelican Waters Tavern. ....
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Today's headlines: brothel boss, vaccine outrage | Sunshine Coast Daily sunshinecoastdaily.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunshinecoastdaily.com.au Daily Mail and Mail on Sunday newspapers.