- Explainer
- Property
- Commercial
- Pubs
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.
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.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Commercial
Fetching latest articles