Jack Ryan's Irish Bar on Raymond St in Sale hits the market for $2.1m
A longstanding Irish pub in Gippsland where a beloved dad died in a horrific stabbing has hit the market — but it will cost you more than $2m to get your name on the title.
First opening its doors in 1953, the Jack Ryan's Irish Bar on Raymond St Sale was listed as a freehold investment opportunity this month.
While the pub is known for its authentic Irish charm and being a 'local icon' in Sale, a tragic incident outside the venue resulted in the death of Clinton Allen after he was stabbed by Spencer Shumski while out celebrating his wife Rebekah's birthday on May 7, 2023.
Shumski, 22, was sentenced at the Supreme Court in March this year to a non-parole period of three years' jail after a jury found him guilty of manslaughter and not guilty of murder.
Despite the deadly attack that shook locals, the pub remained a popular watering hole.
The two-storey period hotel boasts a spacious public bar, a TAB, a bistro and a pool room with a central service bar.
The first floor features a three bedroom manager's residence, and eight communal rooms with two communal toilet blocks, a shared lounge and kitchenette.
CRE brokers director Phil Mammolito said the hotel was part of Sale's fabric.
'(It's) located in the heart of a major regional growth town with strong economic drivers including the RAAF base, oil, agriculture, and tourism sectors,'' he said.
'The property is tenanted by a long-standing and reputable operator, offering income security and peace of mind.'
Mr Mammolito said the property had a diversified revenue layout, provided multiple income avenues and had development and upside potential.
'Situated on more than 1000sq m across three commercial one zoned titles, with additional unused infrastructure like a non-operational bottleshop and two-bay garage, offering future scope (STCA),' he said.
'Jack Ryan's Irish Bar was also known for its friendly hospitality and central CBD location.
'It's a local favourite for watching live sport via the TAB, enjoying hearty pub meals in the bistro, and catching up over drinks in its inviting outdoor courtyard.
'With a long-standing history and character-filled facade, it's become a local icon and social hub in the region.'
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Mr Mammolito said the investment stood out from others as it was a full freehold in middle of town, had multiple income streams under one roof, and a character-filled period property with a mix of commercial and residential space.
'(It has) a strong tenant and valuable landholding in a high-traffic CBD location,' he said.
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