Located on one of the most prominent corner allotments in Toowoomba, 633 Ruthven Street offers prospective purchasers the opportunity to secure a valuable site with significant historic appeal, plus re-development potential.
The historic Settlers Inn Hotel was originally known as the Free Settlers Inn built and was built by James Farquharson in 1872. The Anderson Family have been the owners and operators of this iconic pub since and it is now time to pass on the legacy of this history-rich site.
Being positioned on the corners of Ruthven Street, James Street, and Avoca Street the property benefits from 3 street frontage and is driven past every day by Toowoomba locals and travelers through the region. The land use is Hotel/Tavern and it is in the Commercial Industry zone. The whole site is 1,373 sqm. which sits over two separate lots. There are 15 onsite car parks.
The hotel boasts 2 bars, a lounge area, a large dining room, a kitchen area, and cold rooms. The outdoor beer garden is where this hotel really impresses plus there are 14 rooms upstairs with additional bathroom and kitchen facilities.
There are currently leases in place on a section at the rear of the carpark to Tony's Community Kitchen and there is a new digital billboard being erected currently at the rear of the carpark which will face James Street. These offer secure passing income with new leases in place.
Features include:
- One of Toowoomba's premier redevelopment sites
- 3 street frontage (James Street, Ruthven Street, and Avoca Street)
- Significant historic appeal (built in 1872)
- Hotel/Tavern land use
- Commercial Industry zoning
- 1,373 sqm. site across 2 lots
- 15 onsite car parks
- New leases in place on rear shed + new digital billboard
To arrange an inspection or learn more, please contact Leon Carlile on 0418 795 484 or Alice Ridgway on 0488 085 880.
An Information Memorandum is available for serious purchasers upon request.
