Harrigan’s Irish Tavern and Harrington’s River Lodge, both located at the same precinct in Harrington, NSW, have been sold in a deal facilitated by HTL Property. 

The two venues were offered as one asset, which contained more than 18,000 square metres, including over 200m of riverside frontage. A consortium led by Glenn Knight has bought the property for a figure thought to be in the range of $16m. 

Including is accommodation for 100 guests, with 22 units, a swimming pool, function room and a three bedroom on-site residence for the owner. 

The Irish Tavern contains a designated TAB, bistro, kitchen, gaming room, waterfront beer garden and a public bar.

The sale was facilitate by HTL Property managing director Andrew Jolliffe and pub specialist Xavier Plunkett on behalf of the Roche family. 

“Undoubtedly, Glenn has owned and operated some of the best hospitality assets on the Mid-North Coast of NSW, and we are excited to see what he can deliver for the Harrington Community,” said Plunkett. 

“The expression of interest campaign was well contested by an amalgam of developers, accommodation specialists and traditional hoteliers.”

Plunkett highlighted the attractions of the site – in particular, the high level of annual revenue from varied income streams. 

“The bidding parties were particularly attracted to the build quality of the assets and the extensive land holdings; as well as the $4,000,000 per annum in diversified and uniformly balanced revenues, derived predominantly from accommodation, beverage, and food sales.”

For HTL, this sale is another in a busy period of transactions, demonstrating the health of the pub market, as Jolliffe outlines. 

“This week alone we’ve announced material sales in Sydney, Newcastle and now the NSW North Coast, illustrating the patent and diverse market confidence heralding the commencement of 2023.”

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