The Pelican Waters Tavern is set to go under the hammer later this month with its parent company Ale Property Group's website valuing the waterfront venue for $7.6m.
The Pelican Waters Tavern is set to go under the hammer later this month with its parent company Ale Property Group's website valuing the waterfront venue for $7.6m.

Coast’s $7.6m ‘trophy’ pub up for auction

A waterfront hotel on the Sunshine Coast labelled a "trophy" pub by its parent company will go under the hammer later this month.

Ale Property Group is selling southeast Queensland establishments including the Pelican Waters Tavern as well as Brisbane's Kedron Park Hotel and Edinburgh Castle Hotel.

The hotels are on the market either in one line or individually.

New resort-style development proposed for beachside block

Crime scene declared after building destroyed in blaze

The properties will go to auction at Melbourne's Crown Casino through Burgess Rawson on March 31.

Ale Property Group lease the pub to Australia's largest pub operator ALH on a 25-year term to 2028 plus four 10-year options through to 2068.

Burgess Rawson Queensland sales director Glenn Conridge said it was rare for three properties to hit the market at once.

The Pelican Waters Tavern is set to go under the hammer later this month with its parent company Ale Property Group's website valuing the waterfront venue at $7.6m.
The Pelican Waters Tavern is set to go under the hammer later this month with its parent company Ale Property Group's website valuing the waterfront venue at $7.6m.

"Single tenanted pubs on this scale that are on long leases to ALH, don't hit the market often," Mr Conridge said.

He said the Pelican Waters Tavern was a "stunning" waterfront pub sitting on an 8600sq m site along Pelican Waters Boulevard.

The venue is close to Coles and Woolworths supermarkets and comes with a sports bar, gaming room, BWS liquor store and separate bistro with outdoor dining deck.

According to Ale's website, the hotel is valued at $7.6 million.