Absolute Beachfront North Coast Pub For Sale

HTL Property enjoys the exclusive pleasure of marketing the Cabarita Beach Hotel for sale on behalf of valued clients, the McElhone Family.

“This pub has been great for me and my family, personally and of course financially, but we aren’t getting any younger so regretfully it’s time to sell it” commended Vendor, John McElhone.

The asset is one of only a handful of beachfront pubs in Australia, and is located literally metres from the sand and the surf of Cabarita Beach.

Cabarita Beach is located in NSW’s popular North Coast Region, wedged between Byron to the South and Tweed Heads to the North; and is regularly included amongst the best beaches in the world.

“I’ve been around pubs and real estate for over 20 years now and have learned that you can never go wrong with absolute beachfront. Modern environmental restrictions on developments make it nearly impossible to build so close to the beach, which creates an acute scarcity of assets like this. And that’s only going to be exacerbated in the future” commented HTL Property Director, Blake Edwards.

The pub is a strata freehold going concern hotel in “The Beach” apartment complex, which is an up market beachside resort.

The subject strata occupies 2,500m2* GFA (gross floor area) on title and includes a bar, bistro, gaming room with 15 GMEs, separate bottleshop and on title car parking. From the main bar you enjoy expansive views from its sun drenched north facing deck looking over both parklands and onto the ocean.

The hotel’s location is adjacent the main access point to Cabarita Beach, which drives a constant flow of pedestrian traffic year round in Northern NSWs balmy climate.

In addition to an amazing position and strong property fundamentals, the business is highly profitable and enjoyed annual revenue of circa $6,500,000 (approximate average weekly $125,000) across bar, food, gaming, wagering and retail liquor departments in FY23.

“It’s tempting to view this as just some type of hospitality Trophy Asset, but the truth is that it’s so much more” added HTL Property Director, Glenn Price.

“This pub generates enormous revenue and profit, and has done so consistently year after year after year. It’s as close to a “bullet proof” pub as you find” Price concluded.

The sale will be managed by HTL Property Directors Blake Edwards, Glenn Price and Brent McCarthy via an on market Expression of Interest campaign closing December 7 at 12pm.

End.

*Approx.