How do you make money from buying a pub?

Venues in major metropolitan areas and even some in regional and coastal towns have changed hands at eye-watering prices since reopening after the pandemic lockdowns ended.

Larry SchlesingerReporter

Jun 9, 2022 – 5.00am

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The $160 million sale of the Crossroads Hotel in Casula in early 2022 to former Sydney lord mayor Nelson Meers stunned many investors by setting a national record for a freehold pub, achieving a price more commonly seen with a major office tower, large shopping mall or logistics facility.

But the big money sale of the large-format venue in Sydney’s south-west, which readers may recall as the focal point of a major COVID-19 outbreak in July 2020, was no flash in the pan.

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Larry SchlesingerReporterLarry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom.