Connelly said interest has been shown from a diverse mix of buyers, ranging from high net-worth individuals and private syndicates to national hospitality operators and beverage brands that can build on the brewery’s labels, including the Barrel Aged Beer range.

He said the property also comes with 100 megalitres of annual groundwater rights and has a large solar panel farm.

Meanwhile, the former ASX-listed Redcape hotel group, now under the MA Financial banner, has sold another two pubs for a combined value of about $45 million. The sales are part of the group’s ongoing divestment strategy of non-core assets.

The latest two are the Shafston Hotel, in East Brisbane and the Central Hotel, Shellharbour, south of Sydney. This follows the recent sales of Redcape’s Aspley Hotel in Brisbane, and The Grove in Mackay.

The sale of the Shafston Hotel was brokered by HTL directors Andrew Jolliffe and Dan Dragicevich, who said the large format Brisbane hotel has been sold to a Sydney-based hotel group which owns and operates multiple hotels, while the Central was sold to a local operator.

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Redcape managing director Chris Unger said he was pleased with the progress of the asset sales, in what is a busy market.

“In a short space of time, we have exchanged contracts on more than $70 million worth of venues, at or above book value,” Unger said.

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