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Abbotsford pub sells for $3.18m

Property Markets / Transactions

Australia

Sep 05 2017

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Simon Johanson, The Sydney Morning Herald

Inner-city pub transactions are picking up after a period of slow activity with the Park Hotel in Abbotsford selling for $3.18 million against a reserve of $2.25 million.

The mid-19th century pub at 191 Nicholson Street was sold on a 2.6 per cent yield by two brothers who had owned the venue as an investment for 35 years.

Go to The Sydney Morning Herald and read the full story.

SOURCE: The Sydney Morning Herald

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