A Piece of Kyogle’s History Up for Grabs: Ashton Waugh looks to Divest the Exchange Hotel

Leading national brokerage firm, HTL Property, is pleased to announce its exclusive appointment to manage the sale of The Exchange Hotel, Kyogle on behalf Ashton Waugh and his highly regarded hospitality portfolio Watering Hole Hotels.

The highly visible, corner-block property located in the heart of Kyogle’s CBD offers a compelling mix of strong holding income, untapped upside and future development scope (STCA).

Marketed exclusively by Ben Kennedy and Xavier Plunkett of HTL Property, the offering includes a full pub operation, commercial kitchen, public bar, bistro, 20 pub-style accommodation rooms, three fully leased commercial tenancies providing circa $35,000 p/a in passive income, and a popular beer garden.

The property is set on a substantial 2,250sqm* high-street site spread across three titles, including 1,600sqm* of undeveloped land on a separate title.

“With its strong annual revenues of approximately of approximately $1,700,000 and multiple income streams already in place, the Exchange Hotel presents a compelling entry-level hotel opportunity,” said Ben Kennedy. “There is significant upside here for a new operator to increase profitability from a more hands on management approach, as well as top-line revenue growth for the business through a cosmetic refurbishment, targeted marketing, and activation of currently underutilised areas.”

Positioned with an exceptional ~110 metres of street frontage, the Exchange Hotel dominates a key corner in Kyogle’s CBD, offering unmatched exposure and future potential for subdivision, expansion, or mixed-use redevelopment (STCA).

“We anticipate that this asset will attract interest from a diverse range of hotel operators, including local family-run businesses, established hospitality groups, and, in particular, first-time publicans. The Exchange Hotel in Kyogle benefits from strong underlying economic fundamentals within a robust regional economy, complemented by highly desirable lifestyle attributes” offered Plunkett. “We also believe the  approximately $35,000 in passive income from the commercial tenancies provides a significant hedging factor for investors looking to finance the deal.”

Kyogle, located in New South Wales’ Northern Rivers region, serves as a key agricultural centre within the area. The Kyogle Local Government Area (LGA) has an estimated resident population of circa 9,468. Positioned in prime cattle-grazing territory, the local economy is primarily supported by livestock production, with additional contributions from the timber milling industry and an emerging emphasis on organic and regenerative agriculture. In recent years, Kyogle has recorded significant growth in its real estate market, underpinned by the strength of its agricultural sector and sustained population increases driven by domestic tree-change migration. Agricultural land in the region has grown at a staggering 19.1% per annum over the past 5 years.

The Exchange Hotel, Kyogle is being offered for sale via an Expression of Interest campaign closing at 3:00pm (AEST) on Wednesday, 9^th July 2025 (unless sold prior).

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