Australian Rugby League Commission buys iconic hotel and restaurant

[Babyface O'reilly]

Not sure a stadium that’s not being used is giving much annual roi. there’d be uproar in gosford if they ever tried to sell it for development and it’s reaching an age where it probably needs some serious cash spending on it. this one is a pass lol

My theory is it might get used more, ie the NRL takes the area more seriously if they own the ground. Also, seaside land always goes up in value, doesn’t it? They merely have to sell it off. The uproar from the community will be the new owner’s problem

 

[Perth Red]

My theory is it might get used more, ie the NRL takes the area more seriously if they own the ground. Also, seaside land always goes up in value, doesn’t it? They merely have to sell it off. The uproar from the community will be the new owner’s problem

Well no as they’d have to get council to change zone usage and they won’t agree as the public outcry would be huge. how will it get used more unless the nrl paid clubs to play there? which kind of defeats the point.

 

[Babyface O'reilly]

Well no as they’d have to get council to change zone usage and they won’t agree as the public outcry would be huge. how will it get used more unless the nrl paid clubs to play there? which kind of defeats the point.

So you can’t imagine councils taking bags of money from developers salivating over water frontage? Councils will take the community bruises for cash any day. Anyway, I still think water frontage is a sound investment regardless the zoning. It’s never gonna drop in value.

 

[JamesRustle]

So you can’t imagine councils taking bags of money from developers salivating over water frontage? Councils will take the community bruises for cash any day. Anyway, I still think water frontage is a sound investment regardless the zoning. It’s never gonna drop in value.

 

[The Lounge Lizard]

I do not want a Wally Lewis Burger or Mal's fries or Slater soft ice cream...

Don't forget the legendary Cameron Smith Slurrpy.

 

[Munky]

Don't forget the legendary Cameron Smith Slurrpy.

More likely the Bistro will sell Smith Spicy Chicken Wings.

 

[Vee]

Anyway, I still think water frontage is a sound investment regardless the zoning. It’s never gonna drop in value.

What are we talking about water frontage for, it's on Caxton St, isn't it?

 

[Mr Angry]

What are we talking about water frontage for, it's on Caxton St, isn't it?

That is in reference to the NRL buying Gosford Stadium.

Caxton Street as you point out is not water front.

 

[soc123_au]

I wonder if anyone will wear the compimentary slippers in the Julian O'neil suite?

 

[pennywisealfie]

What are we talking about water frontage for, it's on Caxton St, isn't it?

Lately, a few times a year, most of Brisbane has a waterfront.

 

[Marshall_magic]

Will the Todd Carney suite stock the minibar or just provide a bubbler to drink from?

 

[Mike Oxbigg]

A complimentary bun with every meal?

 

[Wb1234]

so who is going to run it? A management company? The NRL?

The fact that one operator can get 10% out of a place, esp a restaurant, doesn’t mean someone else will.

And will people who are not from ipswich want to stay in the Alan Langer Room etc. they need to be super careful, you dont want alienate the vast majority of people who arent NRL tragics. If im visiting brisbane i probably might want to stay in the city, or Southbank

there a bunch of investments available that will get you 6%+ for doing SFA if you have the money. Office or Bunnings or Shopping precinct property trusts.

There’s a management agreement in place with the current owners

ten percent is an excellent yield. And of course as covid goes away the income will rise

 

[Gallen Towers]

Will they call on SBW to christen the toilet cubicles?

Assisted by Candice Falzon