JLL Hotels & Hospitality Group is thrilled to announce the sale of the freehold going concern interest in the Tyalgum Hotel in Tyalgum NSW.
The popular venue was brought to market following strong interest in the hotel with several unsolicited offers made in the previous year alone. The venue was sold on behalf of long-term publican, Peter Bell, who viewed the buoyant market conditions as an opportune time to sell.
The Tyalgum Hotel is located within the picturesque hinterland of Northern NSW. Positioned on a huge 4,326sqm landholding, the venue enjoys a diversified income stream including gaming, food and beverage and accommodation trade. Sale highlights include 5 highly prized gaming machine entitlements with the land site enjoying favorable planning regulations of 2:1 FSR and a 13.6- metre height restriction. The pub also has an onsite swimming pool and an extensive beer garden.
Situated in the magical Tweed Hinterland, Tyalgum is a picturesque location positioned around 20 minutes west of Murwillumbah. Originally known as an old cedar milling village, Tyalgum boasts a strong agricultural sector primarily consisting of dairy and beef cattle production, as well as alternative crops, including coffee. The area has registered strong residential growth, with sustainable living being a key feature for new residents. Tyalgum is aiming to be the first NSW town to completely drop off the national energy grid.
JLL Hotels Executive Greg Jeloudev facilitated the on-market sales campaign along with colleagues Kate MacDonald and Mark Walsh, with the venue being sold via a private treaty process.
Mr Jeloudev notes, “The hinterland of NSW is undoubtedly a magical location which was evidenced by the extremely high volume of enquiry. Once again, a diversified income platform, comprising of gaming, accommodation and sound F&B trade provided investment fundamentals that ultimately could not be overlooked by the market.”
The venue was sold to a private publican who adds another venue to a growing regional portfolio. The sale of the Tyalgum Hotel continues JLL’s dominance in the mid-market pub sector, and closely follows the sale announcements of the Alpine Inn at Khancoban, the Globe Hotel in Deniliquin and the Howlong Hotel in Howlong. The NSW regional pub market continues to experience unprecedented levels of capital investment, with metropolitan investors seeking diversification and yield.
JLL Hotels thank Mr Bell for entrusting the firm with this important mandate and congratulate the purchaser on their new acquisition.
To request a sales analysis please contact either of the selling agents via the below contact details.