Dixon calls last drinks at Blues Point pub

2 weeks ago 5

After a decennary of pulling beers, businessman and erstwhile Qantas and Tourism Australia seat Geoff Dixon is calling past drinks arsenic landlord of the 160-year-old Blues Point Hotel connected Sydney’s little northbound shore.

Dixon paid astir $6 cardinal for the pub astatine 116 Blues Point Road, McMahons Point, and pursuing renovations, the merchantability terms is expected to beryllium astir $10 million.

Geoff Dixon is selling the Blues Point Hotel successful McMahons Point connected Sydney’s northbound shore.

Having amassed a ample portfolio of high-profile pubs implicit the past 10 years with advertisement antheral and capitalist John Singleton, Dixon volition present conscionable clasp the Plough & Harrow Hotel successful Camden successful Sydney’s south-west. It was the archetypal pub helium purchased for his backstage G & D Dixon Investments successful 2012.

Built successful 1864, the 580-square-metre Blues Point Hotel is dispersed crossed 2 levels and was 1 of the archetypal pubs built connected Sydney’s northbound shore.

“It has been a fashionable drinking spot adjacent earlier the opening of the Harbour Bridge, being determination from the aboriginal 1860s erstwhile the roadworthy led to the Sydney Harbour ferry crossing,” Dixon said successful a statement.

“We’ve thoroughly enjoyed our ownership of the Blues Point Hotel implicit the past decade, and person had galore approaches from radical funny successful buying the pub, truthful we’ve decided the clip is close to bring it to marketplace formally.”

‘Despite inflationary headwinds, determination inactive exists an unsatisfied extent of equity looking to beryllium invested into the pub sector.’

HTL Property cause Andrew Jolliffe

The edifice is being sold done HTL Property agents Andrew Jolliffe, Sam Handy and Dan Dragicevich, who expect some section and interstate hoteliers to amusement involvement successful the property.

“We are expecting involvement from commercialized spot investors who place with the standard and prime of the holding connected the main thoroughfare joining the North Sydney CBD to Sydney Harbour,” Jolliffe said.

HTL is besides selling the fashionable eastbound suburbs-based pub The Light Brigade connected behalf of the Bayfield family.

Jolliffe said aft a quieter commencement to the twelvemonth aft a hectic fewer years, the pub assemblage is coming backmost onto the radar for buyers.

“Despite inflationary headwinds, determination inactive exists an unsatisfied extent of equity looking to beryllium invested into the pub sector,” Jolliffe said.

Nearby to the Paddington pub is the Unicorn Hotel successful Oxford Street – commonly known arsenic the “Fringe Bar” – which was bought by JDA Hotels, led by brothers John and Dean Feros. It was sold for $12 cardinal by capitalist George Kazzi, who bought the freehold successful 2020, and the Mary’s hospitality brand, who owned the leasehold interest.

Steering that income run was JLL enforcement vice president Ben McDonald and elder vice president Kate MacDonald, on with IB Property Director Steffan Ippolito.

MacDonald said the Unicorn is 1 of those pubs that evokes an emotive effect from those who cognize it, and it came to marketplace astatine a clip erstwhile determination has been “greater absorption connected nutrient and beverage operations”.

On Sydney’s southbound coast, media seasoned Bruce Gordon besides took vantage of the rising request for pubs with the merchantability of the Scarborough Hotel, northbound of Wollongong, to Glenn Piper’s rebranded Epochal radical for $9.5 cardinal done bureau Colliers.

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