John Singleton's burgeoning pub empire

John Singleton's Australian Pub Fund recently bought its 11th pub for around $34 million.

The purchase brings the company closer to its goal of having a listed pub empire. 

In 2011 Singleton and his friends, Mark Carnegie and Geoff Dixon, established the fund to start buying distressed pubs around Australia and turn them into cash-cows with food, drinks and poker machines contributing one third of revenue in each.

Eventually they will publicly list the company.

Property Observer has compiled a list of the pubs bought by the fund so far with their reported sale price at the time as well as RP Data's price for some of the properties. RP Data's prices likely only include the value of the property and not the business value.

The fund is reportedly worth around $180 million now though the purchase prices add up to $140 million.

The Exchange Hotel, 131 Edward Street Brisbane, August 2013, around $34 million

Elephant Arms Hotel (formerly Elephant & Wheelbarrow Hotel), 230 Wickham St?reet Fortitude Valley, April 2013, $27 million though RP Data indicates a land price of $11.6 million.

Bristol Arms, 81 Sussex Street Sydney, April 2013, $7.7 million

RP DATA $7.7 million

Kinselas, 383 Bourke Street Darlinghurst, March 2010, $12 million

Peakhurst Inn, 705 Forest Road Peakhurst, 2010, $10.6 million

RP DATA $7.75 million

Como Hotel, 35 Cremona Road Como, March 2013, $4.6 million

Unity Hall Hotel, 292 Darling Street Balmain, June 2011, $10 million

RP DATA $10 million

Toxteth Hotel, 345 Glebe Point Road Glebe, April 2011, close to $10 million

RP DATA $10 million

Marlborough Hotel, 145 King Street Newtown, September 2012, $12.175 million

RP DATA: $7,675,000

Victoria Hotel, 2 Addison Road Enmore, June 2012, $6.9 million

RP DATA: $4,329,220

Bellevue Hotel, 159 Hargrave Street Woollahra, November 2010, $4.2 million