Mandurahs Brighton Hotel transacts during lockdown
Mandurah's Brighton Hotel transacts during lockdown
| 4 June 2020
Local publican Garry Miller has sold the Brighton Hotel in Mandurah, a modern waterfront venue overlooking the foreshore, during the
The Brighton Hotel, located at 12 Mandurah Terrace, is a purpose-built tavern and restaurant on a 1,300sqm landholding offering north-west estuary views. The venue includes a restaurant, rear public bar and courtyard and upstairs function area – all of which capitalise on outstanding views.
CBRE Hotels’ Ryan McGinnity negotiated the sale of the venue, saying it was an opportune time for the purchaser to take over the venue.
“Purchased by a Perth based syndicate the hotel will be operated by a local Mandurah Group. The operator foresees a repositioning of the hotel and plan on reopening of the waterfront venue once plans are finalised and trading restrictions lifted.
“The Brighton Hotel is well-established and was generating a consistent weekly revenue prior to its closure on the back of the COVID-19 restrictions – it’s expected to quickly regain traction as tourists and holiday homeowners flock to Mandurah over the July school holidays and months ahead, as lockdowns ease and venue capacities start to increase,” Mr McGinnity said.
Mr McGinnity went onto say that this was the first walk-in, walk-out pub sale in WA since the closure of venues on 23 March.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.