<a href="https://www.apartments.com.au/developers/consolidated-properties">Consolidated Properties Group</a> (CPG) is approaching the launch of its latest Brisbane riverfront development, Castile, on the dress circle Skyring Terrace in Newstead.

VIP buyers are now being engaged, with a full public sales launch coming later this year.

Positioned as the final opportunity to secure a new absolute riverfront residence on the East bank of Newstead, Teneriffe or New Farm, Castile at 47 Skyring Terrace has been designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> as a timeless addition to the Brisbane skyline.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371113]

The name Castile draws on themes of permanence, sophistication and legacy, reflecting a broader vision centred on enduring architecture and timelessness in the rarest of riverfront positions.&nbsp;

CPG Chairman and CEO Don O’Rorke said the project had been envisioned as a future Brisbane icon.&nbsp;

“With 47 metres of direct river frontage and never to be built out views, 47 Skyring Terrace is the definitive address on the Brisbane River,” O’Rorke said.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371114]

“Rather than following trend-based apartment design, Castile draws inspiration from Brisbane’s great heritage buildings, reinterpreting classical architecture into a contemporary riverfront landmark designed to stand proudly for the next 100 years,” he said.&nbsp;

The approved development will comprise 227 apartments across a 25-storey tower alongside a boutique six-storey riverfront building of just 12 residences.&nbsp;

Construction is scheduled to commence in September 2026.

[smartcode_project_cta:default project_id=150489]

Joel Robinson

CPG unveils Castile Newstead ahead of upcoming sales launch

Australia’s online shopping habits have shifted dramatically over the last decade. As eCommerce volumes surged, so too did the frustrations that came with traditional parcel delivery: missed deliveries, long Post Office queues, parcel theft and the challenge of being home during business hours.

Australia Post’s Parcel Lockers emerged as one of the more practical responses to that changing consumer behaviour.

What started as a relatively niche delivery option has evolved into a nationwide network of more than 1,400 self-service Parcel Lockers positioned at train stations, shopping centres, supermarkets and Post Offices across the country. The system allows Australians to send, collect and return parcels 24 hours a day, fundamentally changing how many people interact with deliveries.

The appeal is relatively straightforward: flexibility.

Instead of waiting at home for a delivery driver or rushing to a Post Office before closing time, users can direct eligible parcels to a Parcel Locker location of their choice. Once the parcel arrives, Australia Post sends a notification with a collection code or QR access through the AusPost app, allowing customers to retrieve their package at any time within the collection window.

For apartment residents in particular, the system has become increasingly valuable.

Higher-density living has created logistical challenges around deliveries, especially in buildings without concierge services or secure parcel rooms. Missed deliveries are common, while parcel theft has become an increasing concern as online shopping volumes continue to rise.

Australia Post itself has repeatedly highlighted the growing issue of “porch pirates” during peak shopping periods, encouraging customers to use Parcel Lockers as a safer alternative to unattended home deliveries.

That security aspect is one of the key reasons the Australia Post Parcel Locker network has grown so rapidly.

Parcel Lockers are positioned as secure, monitored collection points that reduce the risk of theft while also improving delivery efficiency for Australia Post. Instead of multiple redelivery attempts, parcels can be consolidated into a single secure destination.

The Parcel Lockers themselves are free to use through a MyPost account and support a range of parcel sizes up to 16 kilograms and dimensions of approximately 35 x 44 x 61 centimetres.

Beyond receiving parcels, the system has increasingly become integrated into the broader eCommerce ecosystem.

Customers can now use Parcel Lockers to return online purchases, while retailers have embraced the model as a way to improve delivery success rates and reduce friction in the shopping process. Australia Post has actively expanded partnerships with major retailers and promoted Parcel Lockers as part of a broader out-of-home strategy.

The timing of that expansion aligns with broader changes in Australian shopping behaviour.

The acceleration of online retail during and after the pandemic placed enormous pressure on delivery infrastructure. Parcel volumes reached record highs, particularly during Black Friday and Christmas periods, with Australia Post delivering more than 100 million parcels during peak festive seasons.

That growth forced logistics providers to rethink the “last mile” of delivery, widely regarded as the most expensive and operationally difficult stage of the process.

Parcel Locker systems have increasingly been viewed as part of the long-term solution.

The concept itself is not unique to Australia. Parcel Locker networks have become common globally, particularly across Europe and Asia, where dense urban environments and apartment living create similar logistical challenges. But Australia’s geography and suburban sprawl made adoption slower initially.

Now, however, the convenience factor is driving mainstream usage.

For commuters, Parcel Lockers near train stations allow parcels to be collected on the way home from work. For apartment dwellers, they remove the uncertainty around access and missed deliveries.

The rise of the AusPost app has also streamlined the experience, centralising notifications, tracking and Parcel Locker access into a single platform. Australia Post has increasingly pushed customers toward app-based delivery management, partly as a way to combat phishing scams and fake delivery notifications, which have become more sophisticated in recent years.

The Parcel Locker model is also beginning to influence property development itself.

Parcel management has become a growing consideration in apartment building design, particularly as online shopping becomes embedded in everyday life. Many new residential developments are now incorporating dedicated parcel rooms or Parcel Locker systems into foyers and communal spaces.

For developers, parcel management is increasingly viewed as part of the broader resident amenity offering, alongside gyms, wellness spaces and communal work areas.

That reflects a wider evolution in how residential buildings are designed.

Apartment buyers are placing greater emphasis on convenience, security and operational functionality, particularly in higher-density urban environments. Parcel delivery, once considered a minor operational detail, has become an increasingly important part of that equation.

Australia Post’s Parcel Locker network sits at the centre of that behavioural shift.

What began as a simple alternative delivery option has evolved into a key piece of infrastructure supporting Australia’s growing eCommerce economy and changing urban lifestyles.

And as online shopping continues to expand, the role of Parcel Lockers is likely to become even more embedded in how Australians live, shop and receive goods.

How Australia Post Parcel Lockers changed parcel delivery convenience in Australia

Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Hotel Sale

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Universal Hotels, the hospitality vehicle for the Kospetas family, have purchased the Surry Hills landmark, Kinselas.
It's been sold by the Australian Pub Fund, the groups sixth hotel sale in as many months.
No sale price has been given with estimates of $22 million, and $23 million up to $30 million.
Andrew Jolliffe at Ray White Asia Pacific sold the property through an expressions of interest campaign.
“Kinselas, since its inception as a hotel in 1910, has been a very popular entertainment magnet and a mainstay upon the Sydney hospitality landscape" Jolliffe said.
"The multi-level and two street fronted nature of the hotel, complete with a full suite of gaming machines and a deliberate connection to music as a revenue lever, means the business' multi-faceted appeal ensures strong patron support across the breadth of licensing hours available to it."
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/Kinselas3.jpg" alt="">
Universal Hotels is headed by patriarch Jim Kospetas and is supported by his sons Harris and Steven.
Sydney CBD's Civic Hotel, V Bar, and Hotel Downing all fall under the Universal Hotels ownership. They recently opened 1821 in Martin Place.
Australian Pub Fund now has just the four hotels in their portfolio.
In Sydney they have the Unity Hall in Balmain and the Vic on the Park in Marrickville while in Brisbane they own the Stock Exchange and the Elephant Arms.
Australian Pub Fund director Matthew Beach said the sale of the property aligned with the company's strategy.
"The sale of Kinselas is consistent with the fund's previously announced strategic objectives to sell our pubs at cap rates that reflect their market value, as well as illustrating our desire to deal at market value with experienced buyers" Beach said.
There was limited price guidance on offering but it was written by trade press that Newtown's Marlborough Hotel and Kinselas in Surry Hills, came with combined expectations of about $60 million.
The Marlborough fetched $30 million to $35 million last month. 
 
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jrobinson-rf4aSBido9

Surry Hills icon Kinselas sold to Universal Hotels

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The Beach Hotel in Albert Park has been sold to mainland Chinese investors for about $18 million.
The two-level, 1880s-built pub on the corner of Beaconsfield Parade and Victoria Avenue, overlooking Albert Park Beach, was sold by business interests associated with well known hotel broker Terry Board of TJ Board &amp; Sons.
The deal to buy the Beach Hotel, along with the neighbouring Foodworks supermarket, was struck on a yield of about 4.2 percent.
The pub and supermarket bring in annual rent of about $758,000 with both on long leases, according to The Australian Financial Review.
 
The Beach Hotel sold with a seven-year lease to McKinnon Hotels, while the Foodworks sold with a 10-year lease to the supermarket operator.
But the AFR noted the property sold with a redevelopment clause, allowing the new owners to terminate the leases at short notice.
Current height limits would allow an apartment development of between three and five storeys.
The Beach Hotel offers function rooms, a courtyard bistro, 12 guest rooms on the upper floor and 32 poker machines.
The sale of the pub was negotiated by CBRE Hotels.
Another landmark Melbourne pub, St Kilda's Prince of Wales Hotel, sold for just under $45 million to a mainland Chinese investor in 2015.
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j.ballantyne1990-6AQqhLzZaK

Beach Hotel, Albert Park sold to Chinese buyer

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The Dove &amp; Olive Hotel in inner Sydney’s Surry Hills has changed hands for about $11.85 million, passing from The Good Beer Company to a member of the Murphy publican family.
The two-level pub has 12 poker machine entitlements, a beer garden and terrace, and a rooftop bar. It specialises in craft beer.
The pub has sold to a company held by Sonya Deale, after a campaign run by JLL’s Hotels &amp; Hospitality Group’s John Mucsa, according to a report in The Australian.
The agent was cited by the newspaper as saying Surry Hills was developing as one of Sydney’s most sought-after city fringe areas, with the Devonshire Street pub at the heart of the precinct.
 
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jonathanchancellor-7SQnKwU6yx

The Dove and Olive Hotel in inner Sydney sells for over $11.8 million

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The Mornington Peninsula's Best Western Plus Brooklands Hotel has sold for around $9 million to Melbourne hotel operators.
Located on Nepean Highway at 99 Tanti Avenue the property features accommodation, wedding and function facilities, 53, four-star guest rooms, four function rooms, a heated indoor pool and gymnasium on 9,000sqm.
Scott Callow from CBRE said it was only the second time the asset had been available to purchase.
"The key features that appealed to vying purchasers were the location and large landholding," he said.
"We saw significant interest from a mix of owner operators, investors, business buyers and developers.
“Mornington is continuing to grow as a popular tourist destination, due to the array of beaches, restaurants, wineries and its close proximity to Melbourne’s CBD. The premium hotel is a short walk to the popular Main Street shopping and restaurant precinct and within walking distance to both Mothers and Mills beaches, making it a prime investment opportunity.”
 
 
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Mornington Peninsula Brooklands hotel and venue sold

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General Gordon Hotel in Sydney's south-west suburb of Sydenham has sold in an off-market deal by Lantern Hotels Group, which announced its divestment via the ASX.
The deal was valued at $18.1 million, according to the ASX announcement by Lantern.
The buyer is a hotelier in the Sydney region, according to selling agent Ray White Hotels Australia's Andrew Jolliffe, who did not disclose more details.
The sale of the multi-level General Gordon Hotel marks another round of divestment by the Lantern Group. Among the hotels it has sold in recent years are the Commodore Hotel in North Sydney for $14.5 million and Five Dock Hotel for $28.5 million to former Wallaby front tower Bill Young. Both deals were handled by Jolliffe. 
He is currently selling the Crown Hotel in Surry Hills and John Singleton's largest hotel property, the Marlborough In Newtown.
Jolliffe said the market sentiment for A-Grade hotels in gateway eastern seaboard cities remains strong. 
"Petrol prices at the pump sub $1.50 per litre, the $AUD sub 75 US cents per dollar, senior debt priced at/or below 4.5% including margin and industry indexed consumer spending at existing levels all suggests to us some continuity and reliability around the current internal and external investor sentiment regarding the asset class,” he said.
“Fundamentally, the majority of assets are underpinned by property, gaming inventory or both; and whilst-ever high level market receptors such as those referred to above maintain a tight band width regarding recent trends, we are confident astute investors and operators will assess the opportunity as, if not more positively, than has been the case over the past 24 months.” 
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General Gorden Hotel in Sydney's south-west sells for $18.1 million in off-market deal

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The Riversdale Group has appointed Ray White hotel broker Andrew Jolliffe to sell the iconic Marlborough Hotel in Sydney's inner city suburb of Newtown.
It is Riversdale’s largest and most valuable hotel property. It last traded for $7,675,000 in 2012.
Offers close March 1, on <a href="https://www.commercialrealestate.com.au/property/145-king-street-newtown-nsw-2042-2013361127" target="_blank">The Marly, an expansive large format hotel</a> with multiple bars, function spaces and a high performing gaming room with 30 very valuable EGMs.
"The Marlborough Hotel is a compelling opportunity for astute investors," he said.
"Located 5km from the Sydney Central Business District, the 978sqm property comes with a 1940’s constructed Interwar architectural style hotel.
"The multi-street fronted Marlborough Hotel is, in the first instance, a most serious piece of fringe CBD commercial real estate; and at almost 1000sqm and numerous storeys including an approved alfresco roof top area; the investment flexibility is patently clear.
"In addition to all above however, is the cash flow potency and reliability the current business model promotes; with well in excess of $10m in combined annual receipts enjoyed by the balanced revenue centers.
"Situated outside Sydney's lock-out zone, and with perpetual ownership of 30 very valuable gaming licenses and a DA approval for a licensed rooftop operation, it all augurs well for fantastic future revenue attraction.
"We've espoused the view recently, and confidently, that the market indicators suggest a case for A-grade freehold hotel yields to contract below 8% in gateway east coast cities.
"In fact, with the prevalence of well-priced debt and record revenue levels being achieved in some sectors of the industry, the downward pressure in yields is far more pronounced than any upward pressure we've seen exhibited."
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Riversdale's largest Sydney hotel, The Marly, listed for sale

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Merivale boss Justin Hemmes has paid $37.05 million for The Tennyson Hotel in Sydney's south.
The auction conducted by auctioneer Damien Cooley for Ray White attracted 250 people including the who's who of the pub industry.
<img src="https://www.urban.com.au/images/2016/12/02/Screen%20Shot%202016-12-02%20at%2011.54.15%20AM.png" alt="">
The Tennyson, whose design is illustrative of a Sidney Warden-designed inter-war functionalist structure, fetched a record hammer price for hotels. 
The Ray White Hotels Asia Pacific director Andrew Jolliffe listed the Top 100 gaming property, The Tennyson Hotel at Mascot.
 Set on Botany Rd, the Tennyson Hotel is a popular hotel with 30 gaming machines.
"Notwithstanding the latest ranking at 87 in NSW, the hotel requires an upgrade," Jolliffe advised. 
The leading hotel architect Paul Kelly has designed a renovation which has DA approval.
"Only a very small number of Top 100 gaming hotels have changed hands over the past few years," commented Jolliffe.
"The reality is that this should be a Top 50 Gaming hotel," he added.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2016/11/03/Aerial%20Hero%20Image.jpg" alt="">
The two-level large format hotel is on the busy Botany Road and High St corner.
Its allotment is 1400sqm.
Jolliffe's client, JDA Hotels recently contemplated an unsolicited offer, advised John Feros of JDA Hotels.
<img src="https://www.urban.com.au/images/2016/12/02/Screen%20Shot%202016-12-02%20at%2011.53.59%20AM.png" alt="">
The hotel, even in its currently unrenovated state, attracts in excess of $8m in annual receipts from predominantly high gross profit margin revenue centres.
 
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jchancellor-FAypfDUnLy

Merivale's Justin Hemmes pays $37.05 million for Tennyson Hotel

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A renovated hotel with a turnover of $28,000 per week in Victoria's historic gold-mining town of Beechworth has recently sold for an undisclosed sum.
The <a href="https://www.realcommercial.com.au/property-hotel+leisure-vic-beechworth-501480123" target="_blank">Hibernian Hotel at 34 Camp Street</a> comprises seven self-contained apartments and tea rooms.
The apartments have a turnover of $3,000 per week while the tea rooms are rented out for $20,000 per annum. The property occupies a land area of nearly 2,054 sqm.
The property was sold by Chapman Gould &amp; May.
Listed in 2015, it was on the market for 632 days.
Its last listed price was $2,250,000.
<img src="/images/2016/12/01/Hibernian1.png" alt="">
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Beechworth hotel with $28,000 pw turnover sold

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The Dudley Hotel, Bathurst, is set for auction on December 15.
Manenti Quinlan and Associates of Sydney and Thomas Cooper and Company of Newcastle have been appointed as agents.
The Dudley Hotel is a regional icon in one of the fastest growing regional areas in New South Wales.
The hotel has a wonderful streetscape with a wrought iron wrap-around verandah.
The hotel has been refurbished.
Bathurst is just over two hours from Sydney in a region steeped in history with a continually growing tourism focus.
The hotel provides an offering across food, beverage and gaming.
The marketing indicates trading figures demonstrate "excellent" cash flow and identify the continual growth of the business.
The hotel occupies a strategic 2,914 square metre site with extensive on-site parking.
"The Dudley Hotel is undoubtedly one of the best regional hotels to come to the market in the last five years," Gerry Quinlan of Manenti Quinlan said.
He expects interest from interstate as well as local buyers.
Richard Thomas of Thomas Cooper and Company believes that the stable and vibrant Bathurst economy provides security to potential investors.
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Leading NSW regional hotel in Bathurst set for auction

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A motel in the scenic seaside village of Port Campbell, close to Victoria's famous Twelve Apostles, is on the market along with another adjacent vacant site.
The property, <a href="https://www.commercialrealestate.com.au/property/2-10-lord-street-port-campbell-vic-3269-2013115367" target="_blank">2-10 Lord Street</a>, sits on the southern arm of the Port Campbell harbour, across the road from the ocean and sandy swimming beach, abutting and overlooking the Coastal National Park.
<img src="/images/2016/11/17/Screen%20Shot%202016-11-17%20at%209.37.14%20AM.png" alt="">
The motel has 26 rooms set on 4,096 square metres. It is close to restaurants, cliff top lookouts and the jetty.
The property is offered with vacant possession, including a fully equipped inventory to run the business. It is in Business Zone 1.
<img src="/images/2016/11/16/Vic2.png" alt="">
The adjoining beach-facing vacant allotment has an area of 1,011 square metres.
<img src="/images/2016/11/17/Screen%20Shot%202016-11-17%20at%209.38.48%20AM.png" alt="">
According to the property's description, the combined title areas represent "one of the most desirable land holdings on the Great Ocean Road".
The freehold property is close to Great Ocean Road destinations Loch Ard Gorge, 12 Apostles &amp; Shipwreck Coast.
<img src="/images/2016/11/17/Screen%20Shot%202016-11-17%20at%209.38.35%20AM.png" alt="">
The motel is located in a tourism hotspot that sees around two million visitors every year.
The listing agent is John Castran of John H Castran Pty Ltd.
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