Gold Coast's One50 Tavern set to house turf club after being sold through HTL and Colliers
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Gold Coast's One50 Tavern set to house turf club after being sold through HTL and Colliers
Central Gold Coast waterfront property, One50 Tavern, is set for a new life after being sold to an investment consortium headed by Max Delmege in a deal negotiated by HTL Property's Glenn Price and Brent McCarthy, along with Colliers' Steven King and James Holland.
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HTL PropertyAn outline image of the One50 Tavern.
Following an active month of sales which has included the Central Tavern in Brisbane's North-West suburb of Burpengary, the Queensland office of HTL Property has announced it has brokered the transaction of well known central Gold Coast waterfront property, One50 Tavern, to an investment consortium headed by Max Delmege.
The deal, which was managed exclusively by HTL Property's Glenn Price and Brent McCarthy, along with Colliers Steven King and James Holland, sees the Gold Coast Turf Club entering into a lease for the premises as confirmed by Turf Club Chairman Brett Cook.
At a glance:
- The One50 Tavern on the Gold Coast has been sold to an investment consortium headed by Max Delmege.
- The deal was managed by HTL Property's Glenn Price and Brent McCarthy, along with Colliers Steven King and James Holland.
- The Gold Coast Turf Club has entered into a lease for the premises.
"The public campaign conducted was particularly strong, and we ended up securing numerous offers to purchase; including some from the nation's leading interstate operators seeking a strategic foothold in the Sth East Qld marketplace," said Mr Price.
Spread across 3144 square metres on the picturesque sea ocean watercourse which runs through the suburb of Bundall, the property is a modern, large-format complex comprising 36 gaming machines and an expansive on-grade car park.
Source: One50 Public House
Mr McCarthy said the multiple levers of redevelopment and repositioning levers presented a considerable opportunity to the new stakeholders, Delmege and the Gold Coast Turf Club.
"The Qld market has continued to clearly illustrate its resilience and does so in the form of attracting national investor interest, and deal closure performance, to the A grade properties we have been fortunate to represent," he said.
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