ALH buys NSW tourist town hotel
Woolworths backed Australian Leisure & Hospitality Group has purchased Eden’s Great Southern Inn and neighbouring commercial investments.
The c1857 building with views over Calle Calle Bay is the only pub in the New South Wales tourist town.
It was offered with a drive-through bottle shop and backpackers complex.
The 2800 square metre site at the north east corner of Imlay and Chandos streets contains a 20-bay car park but is connected to a bigger, public one.
Vendor, the Murray family, acquired the property to occupy in 1984, later renovating, extending and diversifying the income.
ALH is speculated to be paying just over $5 million.
Great Southern Inn at Eden
The Great Southern Inn includes interconnecting bars, a 120-seat bistro, lounges and open-style kitchen.
A gaming room includes 15 electronic gambling machines and TAB and Keno facilities.
Upstairs, there is 10 accommodation suites.
All up there’s about 2023 sqm of lettable area (story continues below).
The four businesses earn a combined average weekly income of more than $5.8m.
ALH is managed by Endeavour, which is 85.4pc owned by Woolworths.
Its portfolio includes nearly 340 venues – 52 in NSW.
Campaign suspended twice since 2019
Nick Tinning of Chris Tinning & Co with Nick Butler of Pub Brokers & Advisory represented the Murray family.
A 2019 campaign was suspended following the 2019-2020 bushfires then COVID lockdown.
Eden is about 50 kilometres north of the Victorian border.
It has c3000 permanent residents.
The acquisition comes two months after ALH paid publicans Michael Chappel and Megan McLean a speculated $5m for Narrabri’s c1912 Tattersalls Hotel, which also has multiple revenue streams and 15 EGMS.
That property also contains a bottle shop which, like Eden’s, is expected to be rebranded Woolworths’ BWS.
