A consortium led by Glenn Knight is paying the Roche family about $16 million for the Harrington Irish Tavern and adjoining Harrington River Lodge, in New South Wales’ Mid North Coast.
On 1.83 hectares, with 200 metres of Manning River frontage, the pub contains a bar, beer garden, function space and gaming room with 14 electronic gambling machines.
The accommodation component includes 22 suites, rated four star, and a three bedroom manager’s residence.
Both assets were operated under management.
They derive combined annual income of about $4m.
Change of plan
HTL Property’s Xavier Plunkett represented Dominic Roche, the son of owners, Nutrimetics founders Bill, who died last July, aged 87, and Imelda (story continues below).
The family has held assets in the pocket for over two decades including land which has made way for a golf course and over 1200 homes.
Its portfolio also includes properties in the Hunter Valley.
In July, 2021, it purchased Armidale’s Royal Hotel for a speculated price over $5m.
Harrington is about 55 kilometres south of Port Macquarie.
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