HTL Property Sells Star Hotel

Leading national agency HTL Property is proud to announce the sale of the waterfront Star Hotel in Macksville on the NSW North Coast.

The freehold passive investment pub enjoys annual net rent in excess of $273,498 + GST + outgoings, with approximately 20 years remaining on the lease.

The Purchaser is a local investor attracted to the stability of the investment, and the 10 very valuable gaming entitlements that are included in the sale.

Situated on the picturesque waterfront with panoramic views over the Nambucca River, the popular hotel is a focal point for the Macksville community.

The Vendor for the sale is Forster based investor Ross Simpson, who separately owns the Heritage Hotel at Gladstone.

"We are finding that pub sale prices continue to defy both expectations and some challenges being met by other property indexed asset classes, with excellent trading conditions reported across NSW and values underpinned by rising entitlement prices" advised HTL Property Director, Blake Edwards.

HTL Property, 24^th August 2022