HTL Property announce the sale of the landmark Cabarita Beach Hotel on behalf of valued clients the McElhone Family.

Brokered by HTL Directors Glenn Price and Blake Edwards, the deal represents the highest price paid for a coastal pub sold in 2024.

“We are very grateful for the trust the McElhone family placed in Blake, myself and HTL; and are genuinely excited about their future away from the pub. At the same time we wish Andrew, Emma and the other IMG shareholders all the very best of luck with their iconic new asset” commented HTL Property Director, Glenn Price.

The popular Cabarita Beach is located in the stunning NSW North Coast Region, wedged between Byron Bay and Tweed Heads; and is regularly included amongst the best beaches in the world.

The successful new owner is Andrew Turnbull via his Investment Management Group (IMG) vehicle; adding to a large hotel portfolio with assets primarily in the NSW Central West. Emma Turnbull, Andrew’s daughter and a Cabarita Beach local, will be the venue’s new licensee and face of the pub. Emma, who moved to the region three years ago, will bring a dynamic local perspective to the management of the Hotel.

“We recognise the incredible business that John and his family have built, and their longstanding commitment to this Cabarita landmark. We’re excited to contribute to Cabarita’s rich hospitality landscape by building on the venue’s established foundation” Emma Turnbull commented.

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.

Occupying 2,500m2* GFA (gross floor area) on title, the venue includes a bar, bistro, gaming room with 15 GMEs, separate bottle shop and on title car parking. From the main bar patrons enjoy expansive views from a sun drenched and north facing deck overlooking both parklands and onto the ocean.

“The Far North Coast is still a particularly coveted region for visitors and investors alike, and unsurprisingly this unique asset had absolutely no trouble attracting attention from buyers” commented HTL Property Director, Blake Edwards.

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