The Case for the Freehold Pub
A premium pub freehold is permanent title over land and building in a location that cannot be repeated. The Dunkirk stood on its Pyrmont corner in 1879; no one is building that corner again.
Where craft meets character.
That scarcity sits underneath a venue that earns across gaming, food, beverage, accommodation and functions. Held outright, in Australia's most supply-constrained hospitality markets, the asset provides stable operating income now and long-term development and capital growth upside after it.
Own the Freehold. Own the Trade.
A Core Plus mandate, held outright at both levels.
CVG acquires premium licensed pub freeholds outright and holds 100% of the operating company at every venue. One owner captures the full economics: the net-lease stability institutions buy the sector for, and the operating and development upside a landlord alone never sees.
Permanent title to the land and the building. Net-lease income stability. Scarcity value. Development potential.
Full equity in the venue's trading business. Gaming, food and beverage, accommodation, functions.
One title, one owner, both entities held in full.
Net-Lease Income
Stable rental income from premium licensed freeholds held on permanent title.
Operations Upside
The venue's full trading result: gaming, food and beverage, accommodation and function spaces.
Development & Infrastructure Uplift
Latent height uplift, mixed-use rights and strata subdivision in rezoning corridors; venues adjacent to metro stations and entertainment precincts, held for long-term land value gains.
The Plus sleeve targets freehold sites where the land case runs ahead of the trading case.
Target markets
One asset class, five cities. CVG acquires only where hospitality supply is most constrained and premium freeholds trade rarely. The mandate does not travel beyond it.
- SydneyNSW
- MelbourneVIC
- BrisbaneQLD
- PerthWA
- AdelaideSA
Target acquisition markets. Sequence is not a ranking.