Brisbane’s The Brunswick Hotel changes hands for $12.8 million in off-market sale

A high-net-worth Brisbane private investor has bought The Brunswick Hotel in New Farm for $12.8 million, with the off-market sale reflecting a 4.5% yield.

Recently refurbished, The Brunswick Hotel is a classic example of a traditional Queensland pub, situated on a prime 3,056sqm corner site at 569 Brunswick Street in the heart of New Farm, moments from the Brisbane CBD.

CBRE’s Joe Tynan and Paul Fraser said the firm strategically approached the owner with an offer and worked closely with both groups to secure a transaction.

Mr Tynan noted the owner was not formally looking at selling the asset, but the price offered was above their book value on quick and attractive terms.

“This off-market transaction underscores the continued strength of the Queensland hotel market. The Brunswick Hotel's prime location and attractive triple net lease to ALH, presented a highly attractive investment opportunity for the purchaser,” Mr Tynan said.

Originally built in 1889, The Brunswick Hotel is a landmark heritage venue featuring a renovated bistro, expansive beer garden, and multiple function spaces.

The popular local institution is underpinned by a desirable 15-year triple net lease to Australian Leisure and Hospitality Group (ALH), the largest operator of pubs in Australia with over 350 licensed venues across the country, with options extending to 2087.