The retro-fitted 473sqm Alfred & Constance, set within two ‘Queenslander’ style buildings incorporating a gastro-pub, beer garden, café, restaurant and Fever Night Club, was sold by CBRE Hotels agents Paul Fraser, Hayley Manvell and Wayne Bunz following an Expressions of Interest campaign.

Queensland Director Paul Fraser told WILLIAMS MEDIA, “The investment fundamentals for a high-profile corner site in a metropolitan city are highly sought after. As such, the sales campaign attracted a huge amount of enquiries from a range of national food and beverage operators, funds and investors.”

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CBRE Hotels Queensland Director, Paul Fraser

Senior Negotiator Hayley Manvell added; "The new food and beverage operators are presented with a key opportunity to reposition the crowd favourite pub into the market, and we are very excited to see the direction in which the new owners plan to take this renowned property.”

See also: Damian Griffiths' Limes Hotel sold in Brisbane's Fortitude Valley

“This sale will also provide a boost for Brisbane’s Fortitude Valley precinct, off the back of the recent refresh of the Limes Hotel and the reopening of the rooftop bar,” Ms Manvell added.

Alfred & Constance will be operated by RMS Group, led by Managing Director Donna Di Santo.

“We are very excited to welcome Alfred & Constance into the RMS family and look forward to creating a new hub of social activity within the iconic space. Our team is working hard behind the scenes while we get to know the locals and the venue over the coming months. We then hope to restore the pub to its former glory with a planned renovation set to occur in the second half of 2019,” Ms Di Santo Said.

To discuss the sale in further detail, phone or email Hayley Manvell or Paul Fraser via the below contact details.

See also:

'The Wickham' Hotel Brisbane Fortitude Valley sold off market for $14m

Brisbane Spring Hill 'International Hotel' development site for sale

ibis Styles Brisbane hotel sold to Worldwide Hotels in $100 million deal