A private operator has sent to market his Victory Hotel in Mooball, in a rare freehold opportunity in NSW’s north.
The Victory is located between Byron Bay and the Tweed Coast, and just 30 minutes from the Gold Coast Airport. The stately two-storey brick pub has been serving the people of Mooball since 1932 and today finds itself part of one of Australia’s fastest growing and most desirable lifestyle regions.
Around a year ago it was refurbished, updating the public bar, gaming lounge with nine machines (Band 1 entitlements) and commercial kitchen, complementing the landscaped beer garden.
The Hotel also has a swimming pool and tennis court, and six accommodation rooms – currently unused – and a manager’s residence.
Across departments is generates approximately $45k per week.
There is further upside seen in continued operational improvements, reconfiguration of the gaming machines not in a smoking solution, and in reactivating the first-floor accommodation.
The private family has owned and operated the pub for around five years, inviting all and sundry to “Come have a brew at the Moo”.
But the publican is looking to retire and decided to sell the freehold going concern.
The Byron and Tweed regions are littered with world-class food and beverage operations catering to the expanding population, drawn to the likes of Consolidated Properties’ proposed $800 million master planned community of 500 homes at Cudgera Creek.
Mooball’s role in the regional appeal is apparent in the neighbouring, approved, 261-lot residential precinct.
The sale is being managed by HTL Property’s Ben Kennedy and Xavier Plunkett in an Expressions of Interest campaign concluding Thursday, 6 August. Agents say it represents opportunity to acquire an established freehold hotel “underpinned by strong trading performance” and is likely to attract established hotel groups, restaurateurs and owner-operators.
“The Victory Hotel combines proven trading performance, significant recent capital investment and multiple avenues for future earnings growth,” notes Kennedy.
“Opportunities to acquire hospitality assets of this calibre within the Byron Bay Hinterland are frankly exceptionally limited.”
