A Grand Opportunity: Richmond Pub Investment Expected to Pour in $5m
Posted on 27 August 2025
Would-be publicans are spoiled for choice this spring, with recent deals hinting at green shoots in the sector.
The Zagame family, who made their dough in the pokies business, are selling a prized Richmond pub with not a single one-armed bandit in sight.
For the past 15 years, the Grand has been cranking out Italian food at 333 Burnley Street off the suburb’s main thoroughfares.
Records show Zagg Grand, owned jointly by various members of the Zagame family, bought the pub for $3.625 million in 2014.
Built in 1888, the 780-square-metre pub is on a 647-square-metre plot of land on the corner of Bliss Street. It returns $262,631 a year on a five-year lease, with three more five-year options.
Vinci Carbone’s Frank Vinci and Joseph Carbone have the listing and are expecting offers in the $5 million range.
https://www.smh.com.au/business/companies/want-more-than-a-pint-there-are-pubs-aplenty-in-this-spring-s-property-market-20250821-p5monf.html
The Zagame family, who made their dough in the pokies business, are selling a prized Richmond pub with not a single one-armed bandit in sight.
For the past 15 years, the Grand has been cranking out Italian food at 333 Burnley Street off the suburb’s main thoroughfares.
Records show Zagg Grand, owned jointly by various members of the Zagame family, bought the pub for $3.625 million in 2014.
Built in 1888, the 780-square-metre pub is on a 647-square-metre plot of land on the corner of Bliss Street. It returns $262,631 a year on a five-year lease, with three more five-year options.
Vinci Carbone’s Frank Vinci and Joseph Carbone have the listing and are expecting offers in the $5 million range.
https://www.smh.com.au/business/companies/want-more-than-a-pint-there-are-pubs-aplenty-in-this-spring-s-property-market-20250821-p5monf.html