Waterside Hotel listed by AFL players syndicate
Jonathan ChancellorDecember 7, 2020
An AFL footballer syndicate has listed the Waterside Hotel on Flinders Street with $15 million hopes.
The syndicate includes former Richmond players Wayne Campbell, Stuart Wigney and Brendon Gale (who is also the club's current CEO).
Wigney was its general manager after its 2004 purchase.
The freehold at 508 Flinders Street, on the corner with King Street, will be sold with a two to three year leaseback to the pub's operators.
There is no confirming paperwork with 508 Flinders Pty Ltd, but Nathan Brown and St Kilda captain Nick Riewoldt are reportedly other members of the syndicate that owns the three-storey brick pub with two bars.
They purchased the 1850s hotel for $3.85 million in 2004.
It has been listed by CBRE, Fairfax Media advised.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.