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29 September 2021 Posted by 

ADAMS’ TAVERN CHANGES HANDS

POPULAR venue Adams’ Tavern in Richmond Rd has been sold for a record price of $25m.
Well-known pub owner Peter Walker has splashed out for the hotel, setting a new mark for a hotel sale in Blacktown.
 
Mr Walker, who also owns the Doonside Hotel in Western Sydney, bought the hotel through agents John Musca and Kate Macdonald from JLL.
 
The sale highlights the strong demand for metropolitan west pubs despite the city’s lockdown.
 
The previous highest price paid for a Blacktown hotel was the Sportsman’s Hotel which sold for $23.4m in November 2019, in a deal also brokered by JLL.
 
Adam’s Tavern, which includes a drive-through bottle-shop, public bar, bistro and gaming lounge with 30 machines, was offered for sale by Bob McGhee, who established the hotel 30 years ago.
 
Mr Musca said JLL had managed the sale of more than 15 hotels on behalf of long-time owners of between 25 and 50 years.
Source: AFR


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Western Sydney Business Access (WSBA) covers the business and community issues of the Greater Western Sydney region of Australia. WSBA is the popular media source for connecting with the pulse of the region and tapping into it's vast opportunities and networks.