Regional Commercial Property News

Developers have placed $60 million price hopes on the first stage of the Armstrong Creek Town Centre.

A landmark hotel once dubbed the “pride of Ballarat” by American novelist Mark Twain will stay open for business in the heart of town.

Sorrento’s Continental Hotel is back on the market, with receivers having taken over the landmark property after repeated issues with its $100 million redevelopment.

Popular Central Coast hotel The Anglers Rest in Brooklyn has been put on the market with price expectations around the mid $4 million mark.

The Australian Hotel in Cooma, located some 45 minutes away from the New South Wales snowfield gateway of Jindabyne, has been sold on the eve of its public auction for a rumoured $3 million-plus figure.

Melbourne-based Pelligra Group has acquired two major regional distribution facilities, one in Goulburn, NSW, and the other in Warwick, Queensland, from a Melbourne-based private investment group for about $70 million.

The former Drumcondra Bowls Club site has been listed for sale, paving the way for a high-end residential development on the prime bayside land.

The Bamboo Buddha at Holgate has sold for $1.75 million.

An investment opportunity has arisen with the mixed business and property sale of the Wyongah general store and post office.