The Australian-style restaurant in the heart of Town Green precinct catered for lunch, dinner and bar patrons on Horton Street before it was officially closed on Saturday, February 1.

It is managed by business operators, TI, who also operate The Port Macquarie Hotel and The Beachhouse in the same location. TI also manage Chinderah Tavern, Kingscliff Beach Hotel, Kingscliff Cellars and Tacking Point Tavern.

An official statement was released at its website.

"Following a number of expressions of interest from national retailers and a strategic review of the tenancy mix, the decision has been made to close," the statement said.

"TI have determined that an alternative use (non food and beverage) would best serve the mix of business operators, tourists and the local community in the precinct.

"This is a long term strategic decision to further the appeal of the Town Green precinct.

"TI remains 100 per cent committed to the Port Macquarie region, the 270 locals employed by the company, and the many local suppliers that provide produce and services.

"The owners are committed to further investment in Port Macquarie and further refurbishment of other group assets is planned for 2020.

"TI and their employees wish to thank the many loyal supporters of Town Green Inn and look forward to welcoming them at other venues."

The Town Green Inn maintained a score of four and a half stars out of five, from 448 reviews on Tripadvisor before its closure. It garnered positive reviews for location and affordability but mixed feelings about quality of service and cuisine.

The Town Green Inn was previously a host venue for events such as the Port Macquarie Cup Calcutta, which later moved to the Settlers Inn in Port Macquarie.

It has also hosted former New South Wales state of origin stars Bryan Fletcher and Nathan Hindmarsh during a comedy night fundraiser in 2016.

A spokeswoman for the Town Green Inn said around 15 to 20 staff were employed at Town Green Inn and staff have been redeployed to other venues within the Port Macquarie area.

Current expressions of interest for leasing the site are commercially sensitive, according to the spokeswoman.

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