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Press Release

HTL Property Negotiate Deal to Deliver Delmege and Gold Coast Turf Club into Waterfront Tavern

Following an active month of sales which has included the Central Tavern in Brisbane’s North-West suburb of Burpengary, the Qld office of leading agency HTL Property has backed up the transaction with the market announcement that it has now sold well known central Gold Coast waterfront property, One50 Tavern, to an investment consortium headed by Max Delmege.

The deal, managed exclusively by HTL Property’s Glenn Price and Brent McCarthy, along with Colliers Steven King and James Holand, sees the Gold Coast Turf Club entering into a lease for the premises as confirmed by Turf Club Chairman Brett Cook.

“The public campaign conducted was particularly strong, and we ended up securing numerous offers to purchase; including some from the nation’s leading interstate operators seeking a strategic foothold in the Sth East Qld marketplace” advised HTL Property Director, Glenn Price.

The property is a large format and modern complex comprising 36 gaming machines, an expansive on-grade car park, and is situated over 3144sqm on the picturesque sea ocean watercourse which runs through the suburb of Bundall. With multiple redevelopment and repositioning levers available to it, One50 Tavern presents a considerable opportunity to the new stakeholders Delmege and the Gold Coast Turf Club.

“The Qld market has continued to clearly illustrate its resilience and does so in the form of attracting national investor interest, and deal closure performance, to the A grade properties we have been fortunate to represent” concluded HTL Property Director, Brent McCarthy.

End.

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