Charlie Redmond makes seachange with Coffs Harbour buy

Charlie Redmond sold Armidale’s Railway Hotel to the Roche Group last year.

After selling Armidale’s Railway Hotel to the Roche Group last July – Charlie Redmond has invested part of the proceeds on Coffs Harbour’s Coast Hotel, about 140 kilometres away.

The off-market deal for the leasehold to the double storey pub at 2 Moonee Street is worth $2.8 million.

There are 17 years left to run.

JLL’s Kate MacDonald was the agent.

Coast Hotel

Mr Redmond is speculated to have banked more than $5m for the Railway Hotel following another off-market deal, but brokered by HTL Property (story continues below).

The Coffs Harbour site spreads 1600 square metres, at the V-intersection with Grafton St, the region’s main commercial thoroughfare.

The asset includes two bars – one on each floor – a beer garden, bistro and gaming room with 15 electronic gambling machines.

It is also licensed to trade late on weekends – 1am on Fridays, and 2am Saturday.

Coffs Harbour – the state’s seven largest regional centre – is 435 kilometres north of Sydney or 530km to drive.

Subscribe to our newsletter at the bottom of this page.

Share or Recommend article

Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of