Schiavello Buys Queensbridge Hotel, Southbank

Queensbridge HotelMILLION dollar views enjoyed by residents at Australand’s luxurious Freshwater Place complex in Southgate have officially become a privilege and not a right, after furniture magnate and property developer Tony Schiavello picking up a prominent riverfront property next door, once home to notorious nightclub QBH.

Mr Schiavello is speculated to be paying about $10 million for the 717 square metre block which abuts other property acquired by the developer over the years.

The Queensbridge Hotel at 1 Queensbridge Street, was first speculated to have been on the market in February, when a dispute to sell the property to fashion designer Christopher Chronis came to light.

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Abbotsford’s Terminus Hotel Latest in a String of Melbourne Pubs to Sell

ABBOTSFORD’s prominent green Terminus Hotel has sold to an owner occupier for a price speculated to be about $5.5 million.

The pub, often touted as being in Richmond because it sits at the suburb border (Victoria Street) was sold by Jones Lang LaSalle’s Mathew George in an off-market campaign.

The Terminus is the latest in a string of pubs to be put up for sale recently.

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ALH Sells Four Melbourne Pubs For $29.85 Million

FOUR Melbourne hotels have changed hands at auction today, in deals worth $29.85 million.

Glen Waverley’s Mountain View Hotel sold for $10.9 million, on a yield of 6.95 per cent, while the Eltham Hotel at Eltham sold for $7.9 million (on a 6.43 per cent yield).

Essendon’s Royal Hotel sold for $6.785 million (6.27 per cent yield) while the Westmeadows Tavern, also in Melbourne’s north-west, sold for $4.4 million on a 6.2 per cent yield.

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