Here is a blue chip commercial site that has been tightly held for the last 37 years. With a fantastic global reputation for amazing stone grill steak (as promoted on trip advisor) This pub has it all! Situated on a generous 2320 m2 corner site in a high traffic, highly commercial area in North Rockhampton.
There are 5 allotments in total, including 2 vacant shops that could be independently leased with an estimated return of $45k per annum.
There are 10 permanently rented rooms upstairs, all on periodic leases creating excellent passive income
The rear laneway of the property services a drive thru bottle shop area which is connected to a large show room with Roller door access
The gaming currently includes Keno, TAB and there are 8 Poker Machines that could be sold with the business.
The restaurant has a stone grill licence and is well renowned for the excellent service and quality meals
This grand old pub has a lot of character but also boasts preliminary DA approvals for a 103 room hotel with conferencing, gym and much more.
The owners of this establishment are seeking expressions of interest for:
Lease and operate the existing business
Purchase the freehold buildings + land parcel (development plans included)
Purchase the operating business + freehold + inventory
Contact Grace Low for an information memorandum and register your interest.
Property ID: #L27694125
