Paul Hunter has added to his book of regional pubs, snapping up South West Rocks’ Seabreeze Hotel from the Short family.
The Mid North Coast venue and two adjoining investments – all up covering 5284 square metres – is selling for c$32 million.
The vendor’s W Hospitality Group offered the holding permit-ready for a hotel and five storey, 32-unit apartment building with three commercial suites.
In its current state, the asset derives income from the bar and bistro, drive through bottle shop and 30 guest suites.
There is also a gaming room with 22 electronic gambling machine entitlements, ranking it #431 according to Liquor & Gaming NSW.
HTL Property’s Andrew Jolliffe and Dan Dragicevich represented the Short family; late veteran Warwick Short and his wife, Ros, paid $7.3m in 2001 (story continues below).
High profile publican Fraser Short is one of Warwick and Ros’ children but has no ownership connection to the Seabreeze.
South West Rocks is about 80 kilometres north of Port Macquarie.
Mr Hunter, via Hunter Group, owns the Bateau Bay Hotel and Finnegan’s in Newcastle.
The deal comes in the week Redcape divested three NSW pubs – two in Sydney – for more than $86m.
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