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The Union and Harold pubs for sale in busy market

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Pubs are considered one of the most resilient operating real estate asset classes in the country.

John Azar’s Good Beer Company is taking advantage of the frothy pub market with the sale of two key hotels, the Union Hotel in North Sydney and the popular Harold in the inner city as it reweighs its portfolio.

JLL hotels executive vice president Ben McDonald and senior vice president Kate MacDonald have been appointed to steer the campaign on behalf of privately held Good Beer Co which is reweighting its hotel portfolio in line with its ongoing operating strategy. Located on a 784 square metre lot on the prominent corner of the Pacific Highway and West Street, the Union is an Art-Deco-style two-storey pub providing three bars, a restaurant, gaming with 21 machines, a function room and offices.

 

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