Dalgety Public House gastropub in Teneriffe sold to NSW investor

Dalgety Public House gastropub in Teneriffe sold to NSW investor
Dalgety Public House gastropub in Teneriffe sold to NSW investor

A NSW investor has acquired a Teneriffe, Brisbane retail investment property.

It was the strata ground floor retail unit that houses The Dalgety Public House at 8-9/110 Macquarie Street.

It was bought for $1.91 million under the hammer through Ray White Commercial agent Michael Feltoe.

The campaign produced 67 inquiries. 

The Dalgety Public House is a country-meets city gastropub in the base of the 1950s red brick Dalgety and Co’s no 3 Woolstore in Teneriffe.

It hasn’t been vacant in over 20 years, Feltoe said.

The property on the corner of Florence St, has a total area of 257 square metres. The sale realised a 7.21% yield.

It is on the ground floor of Teneriffe Village which is listed on the Queensland Heritage Register.

Built in the mid 1950s by Dalgety & Co, the building housed Paddy’s Market in the 1980s.

The building was then converted into apartments and ground floor retail as part of an Urban renewal process which saw Teneriffe officially become a suburb in 2010.

Tags: 
Gastropub Teneriffe

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