Vineyard Hotel sells for c$70m

Charter Hall and Endeavour acquired the Terrey Hills Tavern, north of Sydney, in July.

The Vineyard Hotel, in Sydney’s outer north west, has sold for c$70 million.

On 7.69 hectares at 725 Windsor Road, the property includes a tavern with 30 electronic gambling machines, a 57-suite motel and a bottle shop.

A permit allowing for another 84 guest suites was also offered.

At the time it was listed in August, the venue was returning $65,000 per week.

The guide was $60m.

HTL’s Dan Dragicevich, Andrew Jolliffe and Sam Handy represented the vendor, the Stanford family, which held the asset for 42 years (story continues below).

Ten offers were received; the buyer is as yet undisclosed.

Earlier today we reported Charter Hall outlaid $6.62m for the Imperial Hotel, at Beenleigh, south east of Brisbane.

In July, that manager, with Endeavour, acquired the Terrey Hills Tavern, north of Sydney, for $39.8m – $26.3m of which was attributed to the freehold.

More to come.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of