The Mathieson family is understood to be paying close to $7 million for Woolloongabba’s Redbrick Hotel.
The c1890 pub, known as Burke’s Hotel in the 1980s, was offloaded by Hakfoort Group which held it for 23 years, at one stage as occupier.
On a 680 square metre site at 83 Annerley Road, at a V-intersection with Stephens, the venue includes a bistro capable of accommodating 120 people, bar and first floor function spaces.
A gaming room contains 30 electronic gambling machines.
Last renovated in 2017, a 20 year leasehold was put to the market last April (story continues below).
Savills’ Leon Alaban and Tony Bargwanna ended up striking a freehold going concern deal to billionaire Bruce Mathieson.
Elsewhere in south east Queensland, the family last year acquired several venues including the Merrimac Tavern on the Gold Coast.
Following the sale, Hakfoort holds five hospitality venues in the state.
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