JLL announce the successful sale of the historic Bakehouse Steakhouse in Ipswich after a thorough marketing campaign. This stylish and exceptionally well-regarded operation garnered significant interest across the market, before reaching agreement February 2023.

This famous steakhouse was originally built way back in 1875, when it was known as Haleys Bakery. After many incarnations over the years, it was finally purchased by the local Stevenson family who breathed life into the beautiful building and created the new Bakehouse Steakhouse. Featuring traditional brickwork and even the original bakery oven doors, the combination of old and new features has been a hit with Ipswich locals and has been gaining a fantastic reputation as one of the premier dining locations in Ipswich. Showing a fantastic sense of style, the stunning design was created within the family and without external contractors, giving the entire property both a beautiful design with appreciation for the Bakehouse history, but also with a very personal touch.

Alastair Stevenson who represented the Stevenson family throughout the sale process says “we are very proud of what we have created here, and while we are sorry to see it sold, Gerry and his team are the right people to take it to the next level. We have loved every minute of our time here and look forward to coming back and seeing what is in store for the Bakehouse”. Buyer Gerry Murphy told us that “We intend to build upon the legacy of Alastair and the family by keeping the famous Steakhouse offering, while adding more in the way of functions and quality bar offerings to the business. We have a huge community focus and want to add activities and events that really contribute to Ipswich. We can’t wait to give the locals more of what they love!”

Mark Walsh of JLL Hotels & Hospitality Group who brokered the sale says “I always love seeing the passion of quality operators like the Stevenson’s create something new and exciting, and always hope that the new operator will not only honour the legacy but add something new. Gerry has a fantastic pedigree in this field, and I am truly excited to see where he will take this remarkable business”.

Ipswich is one of the fastest growing regions in Queensland, and with this growth comes greater demand for great food and beverage experiences. The famous Bakehouse Steakhouse is set to remain an icon in this fantastic city for many years to come.

The settlement concluded on the 14th of April with the final sale price remaining confidential.

The deal again adds further weight following the record year for JLL Hotels facilitating over 80 transactions through its national platform and pushing total deal volume close to $1.3 billion for the 2022 calendar year, with 2023 continuing in a similar vein.

To request a sales analysis please contact the selling agent Mark Walsh of JLL Hotels & Hospitality Group via the below contact details. 

Related Reading: 

Ipswich’s famous Bakehouse Steakhouse for sale - JLL

Ipswich Icon The Bakehouse Steakhouse sold by JLL