Well-loved Goulburn pub the Exchange Hotel has sold to an established local publican, as regional assets continue to attract attention amid waning supply in Sydney.
Built in 1872, the Exchange is one of the oldest pubs in the area and a popular stop for tourists, with 16 accommodation rooms and 15 EGMs, under two hours’ drive from Sydney.
It was sold by Canberra-based publicans via public treaty, citing “market timing”, through Ray White Hotels’ Blake Edwards, who confirmed the ongoing strength in the sector.
“We have been seeing significant traction for pub assets in regional markets, both in terms transaction volume and capital values.
“Goulburn is a particularly strong regional centre with sound market fundamentals. It has strong Government sector employment and outperforms the New South Wales regional average in both labour market performance and household income.”
Ray White reports recent transactions on hotels in Moruya, Batemans Bay, Grafton, Port Macquarie, Wollongong and Newcastle.