Cobblers Tavern Hits the Market as Demand for Pubs Soars

Well known West Australian publicans Kieran Glynn and Arthur Barret have appointed CBRE Hotels to market Mandurah’s Cobblers Tavern, a purpose-built venue licensed for over 600 patrons which they have owned and operated for close to 40 years.  

Redeveloped in 2013, the Falcon property is situated on a 1,334 sqm landholding, adjoining a First Choice liquor store and numerous specialty shops. The tavern includes several distinct areas, including a restaurant, main bar, public bar, function room and front and rear courtyards.  

CBRE Hotels’ Ryan McGinnity has been appointed to sell the Freehold Going Concern property, via an Expressions of Interest campaign.  

Mr McGinnity said the coastal venue was well patronised by residents of Halls Head, Erskine, Falcon and Wannanup and by many of the 488,000 tourists who visited the Mandurah area each year.     

“Cobblers Tavern is a well-established operation which rebounded very well in 2021 following COVID lockdowns, generating an average weekly turnover of more than $95,000,” Mr McGinnity said. 

“It’s very manageable for a single operator or would be a good fit for a larger pub portfolio, benefitting from Mandurah’s ever-growing population and tourism appeal.”   

Mr McGinnity added, “The Peel region is soon expected to rival WA’s south-west as the most populated area outside of Perth. Cobblers Tavern sits at the heart of the region and will benefit from anticipated population growth to approximately 450,000 people by 2050.”

The marketing campaign for Cobblers Tavern follows the recent Western Australia sales of the Bayswater Hotel in 2021 and Paddington Ale House, which is currently under contract - highlighting the confidence and demand for freehold going concern hospitality assets in the state.  

The property is being offered for sale via Expressions of Interest closing Wednesday 27th April 2022.

For Australian/international news or global stories, follow us on Twitter: @cbreaustralia

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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.