Hospitality heavyweights eye A$80m Wharf Mooloolaba sale
Hospitality’s big guns are circling The Wharf Mooloolaba, with the landmark precinct hitting the market with an asking price of more than A$80 million.
Among the interested parties for the Sunshine Coast property are Sydney’s Justin Hemmes, whose Merivale empire spans restaurants, pubs and bars valued at about A$1.6 billion, and Brisbane operator Adam Flaskas, known for transforming Howard Smith Wharves and co-owning property around Sydney’s Manly Wharf.
Queensland’s Rob Comiskey of Comiskey Group, which runs hotels, entertainment and construction ventures, is also tipped as a potential contender.
Long-term owners Evans Long are selling the freehold asset, which includes a 57-berth marina that is 92% leased and delivering a 5.2% return.
CBRE’s Michael Hedger, Wayne Bunz and Joe Tynan are steering the sales campaign.
The Wharf has come a long way since its 1988 opening. After Evans Long acquired it in 2016, the precinct underwent a multi-million-dollar facelift, unlocking freehold space, refreshing its mix of tenants and evolving into a bustling tourism and lifestyle hub. Today it attracts more than 2.2 million visitors a year with a line-up of top-tier dining, bars, retail and water-based activities.
“When we talk about landmark investments, this is precisely what we mean,” CBRE’s Wayne Bunz said. “Assets like this rarely surface on the market. The Wharf is the kind of generational opportunity that draws the attention of both institutional and private capital, it’s a magnet for lifestyle, leisure and commerce, with enduring value on every level,” he said.
Expressions of interest close 2 October.
Jonathan Jackson, 21st August 2025
