JLL senior vice president Kate MacDonald and executive vice president Ben McDonald managed the on-market sale process, and said it was one of the busiest campaigns of the year.

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“At a time when pubs are facing proposed legislative changes specifically around gaming, the Salisbury attracted great interest from Sydney-based hoteliers and groups with its sought-after mix of trade across food and beverage, 15 gaming machines and 20 accommodation rooms, exceeding $95,000 per week in turnover,” MacDonald said.

“It’s a fantastic community hotel which the owners have undeniably poured their hearts and souls into, and we wish the purchaser every success in building on the great business and reputation of the pub.”

Sweeney added that the pub offers a different set-up to the Narooma pub, but said while an overhaul of the menu is not on the table, he believes it is important to offer something a “little bit different”.

While it has been a quieter year for sales compared to 2022, which was one of the busiest on record, well-located pubs are in demand.

The most recent was the sale of Kinselas and the Courthouse at Taylor Square to private property developers Virtical for a combined $61 million. Nick Lower and Tony Bargwanna of Savills Australia advised on the sale.

McDonald said the deal this year have highlighted the ongoing resilience of the pub sector from a trade and transaction point of view despite the broader economic environment both offshore and locally.

“As we enter what is traditionally one of the busiest periods of transaction activity in the pub sector, we are buoyed by the level of unfulfilled capital still seeking opportunities in the asset class,” McDonald said.

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