Victoria’s regional run of pub sales continue with the discreet, off-market sale of the Ocean View Hotel, Kilcunda.

Spectacularly positioned in the heart of Victoria’s picturesque Gippsland coastline, the transaction was conducted exclusively by JLL Hotel’s Senior Vice President, Will Connolly and Executive, Lachlan Persley.

With breathtaking 180-degree water views, the Ocean View Hotel lives up to its name, whilst providing a true ‘turn-key’ business with a large family bistro, public bar, intimate dining room, expansive rear beer garden and front veranda with uninterrupted water views, located just under two hours from Melbourne’s CBD.

Presented strategically via a targeted sale process, the campaign unearthed a number of passionate nearby hoteliers, with ‘The Killy Pub’ swiftly acquired by local operators who intend to undertake an immediate refurbishment, taking full advantage of its premium location.

Will Connolly, Senior Vice President, JLL Hotels, commenting “The local purchaser is passionate about revitalising the venue and capitalising on the unwavering upside. Their vision for refurbishing 'The Killy Pub' will no doubt elevate the patron experience to new levels.

“With such a clear indication from local operators to secure the hotel throughout its short sale process, this transaction offers no better example of the enduring dedication our communities hold to preserve their local establishments, ensuring the continued success of our cherished regional pubs”, Connolly concluded.

The sale of the Ocean View Hotel adds weight to the substantial list of Victoria regional pub transactions recorded recently by JLL, such as the Metropolitan Hotel, Bendigo with Signature Hospitality Group recently being unveiled as the purchaser to introduce their hugely successful ‘The Sporting Globe’ brand to the city of Bendigo. 

Just a short drive from the Ocean View Hotel, a nearby waterfront pub, the Westernport Hotel in San Remo, has recently been listed for sale by JLL Hotels. As the gateway to Victoria's world renowned Phillip Island, the property has already garnered interest from both local and interstate operators.

Lachlan Persley, Executive, JLL Hotels, concluding “Victoria’s regional pub market is experiencing remarkable levels of enquiry and transactional activity. With the recent sale of the Ocean View Hotel and the current opportunity in the Westernport Hotel, we expect this momentum to continue strongly throughout the second half of 2024”.

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