We have owned and operated our family businesses since 1983. This is an entirely separate to our accounting practice although some of our long standing clients will remember that our offices were from time to time located at offices or pubs that we were renovating.
What we demonstrate in buying and improving and selling businesses and properties is an ability to evaluate a business opportunity, to identify potential, to resurrect tired buildings, to rationalise and improve businesses.
All these projects have been marketed and sold by us. In developing a project for sale we have been mindful not only of the profitability of the business, but also the presentation of the premises, the quality and skills of the personnel we employed to run the business, the position of the business in the context of the area and market and the stability of the business going forward.
Value adding to a business requires marketing, managing and hiring the right staff, creating opportunities and services for customers, staff and the community.
Projects we have completed include:
- Renovating Office buildings
- Operating pubs
- Doubling the capacity of a boarding house by adding a new wing
- Building and operating an Aged care facility to 9c Australian Building code Standards
- Renovation of inner city housing
- Urban in fill for strata and community title projects
Lakes Hotel Gardeners Road Rosebery
Our family company had been operating hotels in New South Wales on brewery leases. In 1982 Random Breadth Testing was introduced in New South Wales and the Neville Wran Premier of New South Wales told the hotel industry that they would be allowed to have…
47 Wentworth Avenue
Our accounting practice was leasing premises in York Street and we were faced with a steep rent review. We decided to look for premises to relocate the accounting practice to. 47 Wentworth Avenue was a 4 storey warehouse and office building occupying a small…
Hampshire Hotel Camperdown
We realised early in 1987 that asset values were very high and the yields on which you could sell assets was too low. We sold both the Lakes Hotel and Wentworth Avenue by the middle of 1987 and kept our funds in cash. We went overseas for 3 months to come…
Airport Lodge Botany
We had cash at our disposal it was time to invest again in underpriced assets. We recognised the need for budget accommodation near Sydney Airport. The sites we were offered carried too much risk in terms of financial commitment. Having purchased the...
Lavington Lodge Albury
After we sold the Hampshire Hotel and the Airport Lodge, we had a brief stint of renovating properties in Queensland. We acquired a 32 perch block with an old weatherboard house, and subdivided the land into two 16 perch blocks. Then we moved the existing…
We had a land bank adjacent to the Lavington Lodge Aged Care facility that we had built, and we obtained a DA from Albury Council to build 20 two bedroom retirement homes on these sites. These were to be built in 4 stages of 5 houses a stage. We marketed the…