Sell with Confidence
Read More

Hospitality and Commercial Property – Is Surry Hills the next best place to invest?

By Kenn Leong

You’ve probably heard of Peter Calligeros, assuming that you know the hospitality industry. Well just in case you don’t, he’s a hotel owner in Sydney. His hotel group also owns a few bars such as The Rag & Famish, Albert’s Bar and The Mount Street Terrace Hotel in Sydney North. And he’s recently added another venue to his repertoire spending of $8.5 million on The Trinity Bar in none other than Surry Hills.

But why the big buy? Perhaps it’s the fact that CBRE Hotels national director Daniel Dragicevich reported to have said (that)  “Surry Hills’ pub market is booming, with the forthcoming South East Light Rail system set to drive further demand in the area.”

“Surry Hills is experiencing a resurgence in recent times, following various hotels in the area transacting and re-launching – further establishing the suburb as a genuine hospitality destination,” he continued.

There has always been a debate as to whether its better to invest in commercial or residential property, and it continues to divide investors. But as he said, “The only proposed Surry Hills stop is on Devonshire St, in close proximity to the Trinity Bar, which will no doubt greatly assist the long-term profitability outlook of the venue.”

So, perhaps this is the coming of commercial property investment in Surry Hills.

Up to Date

Latest News

  • An outstanding sale in North Bondi!

    A masterclass from Warren Ginsberg and Elliott Placks on how to correctly take advantage of the market and deliver the best results for their clients. Congratulations to our vendors and the lucky new owners of this luxury home! Demand continues to grow in the eastern suburbs as stock levels combined … Read more

    Read Full Post

  • Kick Start 2021

    Last week we held our annual Ray White Double Bay Kick Start event in the Hunter Valley. A great opportunity to build as a team for 2021 but to also improve and hone our skills as Real Estate professionals. Jet Xavier introduced our agents to his High Performance Human Program … Read more

    Read Full Post