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Christie's Carriage House Pub | Victoria | 1739 Fort Street


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#1 Bob Fugger

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Posted 23 July 2012 - 04:33 PM

I'm kinda surprised that there is no thread devoted to one of the pioneers and mainstays of the Victoria neighbourhood pub scene. As it happens, you too can own a landmark pub...if the price is right.

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#2 ChrisA

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Posted 24 July 2012 - 09:51 AM

Christie's, Maude Hunter's, Monkey Tree, Smuggler's Cove... a battery of pubs built in the 80s which haven't been touched since. Same dull, greasy, poorly-prepared food, and same interiors, including carpets which don't appear to have been cleaned since they were installed.

Hopefully the new owners of Christie's will invest and modernize a little and put their uninspired competition to shame.

#3 Matt R.

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Posted 24 July 2012 - 10:23 AM

I'm not aware of any competition for Christies.

Matt.

#4 sdwright.vic

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Posted 24 July 2012 - 11:06 AM

I'm not aware of any competition for Christies.

Matt.


White Spot maybe? (sic)
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#5 Matt R.

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Posted 24 July 2012 - 11:24 AM

So, nothing then? Right.

Matt.

#6 Brick and Mortar

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Posted 24 July 2012 - 11:35 AM

I'm kinda surprised that there is no thread devoted to one of the pioneers and mainstays of the Victoria neighbourhood pub scene. As it happens, you too can own a landmark pub...if the price is right.

.PDF Fact sheet here.


Wow! $6m is pretty aggressive, but I guess the competition is pretty limited around here. How did you find this info? I can only find it through your link, it does not come up when I searched through colliers website. Hmmm.

#7 OSJ

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Posted 24 July 2012 - 01:39 PM

I'm not aware of any competition for Christies.

Matt.

Ross Bay pub, Penny, not that far from The Beagle.
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#8 aastra

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Posted 24 July 2012 - 01:42 PM

Fernwood must be the closest, you think?

#9 Bob Fugger

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Posted 24 July 2012 - 04:35 PM

Fernwood must be the closest, you think?


I'll ignore Matt R.'s implication that The Fernwood Inn is not competition for Christie's - but strictly speaking, they are a liquor primary pub establishment whereas The Fernwood Inn is a food primary pubstyle restaurant.

I'd think that if Christie's fetched $6M, that would bode well for the ownership group at the Fernwood. It's sales per seat are likely comparable, although less profitable by being food primary (much higher margin on booze). The Fernwood also has 10 units of rental accomodation above it, which Christie's does not.

#10 Mike K.

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Posted 24 July 2012 - 05:06 PM

Together with the parking lot the Christie's property is quite large and comes with a coveted liquor primary license. I'm sure this is where a good chunk of the $6MM comes in.

It also has decent redevelopment proposal along a main road should a future owner want to dabble in a mixed-use commercial/residential development. That's likely a component of the price as well.

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#11 VicHockeyFan

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Posted 24 July 2012 - 05:12 PM

If you are lucky an LP license is worth $100k these days. In the last four years in Victoria two establishments got one without having to buy from others - they just applied and got one. Victoria Events Centre and Moon Under Water.
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#12 Mike K.

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Posted 24 July 2012 - 06:05 PM

Hasn't the City of Victoria now capped the amount of LP's?

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#13 G-Man

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Posted 24 July 2012 - 07:13 PM

No it would seem that the cap of ages has been removed. Of course I would expect that a pretty good plan would have to be in place.

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#14 VicHockeyFan

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Posted 24 July 2012 - 09:20 PM

Hasn't the City of Victoria now capped the amount of LP's?


A previous council suggested they'd like a cap, it was never written down, and the last one allowed more. They also granted themselves an extra 1400 LP seats for the Royal Theatre while they were at it.
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#15 Bingo

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Posted 24 July 2012 - 09:35 PM

Christie's, Maude Hunter's, Monkey Tree, Smuggler's Cove... a battery of pubs built in the 80s which haven't been touched since. Same dull, greasy, poorly-prepared food, and same interiors, including carpets which don't appear to have been cleaned since they were installed.

Hopefully the new owners of Christie's will invest and modernize a little and put their uninspired competition to shame.


I find the food at Maude Hunters and Christies is as good as ever. I don't care about the carpets.

#16 Baro

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Posted 24 July 2012 - 09:43 PM

Christie's is my local and I really don't mind it. The staff and management there are pretty good, the food isn't bad, and the prices are pretty reasonable. It's full of a fun mix of people and a lot of local regulars. It manages to not be pretentious too which is a big plus for me.
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#17 Matt R.

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Posted 25 July 2012 - 12:45 AM

I'll ignore Matt R.'s implication that The Fernwood Inn is not competition for Christie's - but strictly speaking, they are a liquor primary pub establishment whereas The Fernwood Inn is a food primary pubstyle restaurant.

I'd think that if Christie's fetched $6M, that would bode well for the ownership group at the Fernwood. It's sales per seat are likely comparable, although less profitable by being food primary (much higher margin on booze). The Fernwood also has 10 units of rental accomodation above it, which Christie's does not.


Not trying to suggest that the other places mentioned are better or worse, I just think they are too far away to much competition to Christies as a local.

Matt.

#18 Bingo

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Posted 25 July 2012 - 05:47 AM

Not trying to suggest that the other places mentioned are better or worse, I just think they are too far away to much competition to Christies as a local.
Matt.


It's a five minute drive or a fifteen minute walk between Christie's and the Fernwood Inn. Is that too far?

#19 Mike K.

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Posted 25 July 2012 - 09:54 AM

You're right, they're about 1km apart. The next closest pub would be at Fairfield Plaza and that's a bit of a walk.

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#20 Matt R.

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Posted 25 July 2012 - 09:58 AM

I didn't realize they were that close together. I do however think they serve distinct neighbourhoods and have little crossover. I could be wrong, it's happened before!!

Matt.

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