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Picking up on my earlier post, kudos to Tourism Victoria and Denis Napthine for organising White Night. Roaring success with over half a million people in the city. All our hospitality businesses had higher turnover than NYE, with significant amounts of residents and tourists in town. Kudos to...

There is still a lot of dead/unused commercial space in CBD. Mitre Taven and the whole surrounding area would probably be one. CBD, like all suburbs, is a big area and one part is very different to another. Having a lot of new stock come on at say, King St or Franklin St (as is happenning...

6% yield is too low for something like Mitre. I would need 8% net to even remotely consider it. Even then it's not an asset I would want to hold. It's purely a cashflow play; there's no value add, and you have tenancy risk. If the Mitre people breached your lease/moved on, very few people could...

Are you talking about Mitre Tavern?

6) low volume of new stock being built 7) low ability to build new commercial space That's not necesarilly true. Would you rather be a shop on George St/Swanston St amongst many potential new commercial developments, or some random shop in the middle of nowhere next to no one? A big one...