CBRE Hotels are delighted to bring to the market the freehold going concern interest of a long established local pub - The Queens Hotel, Gladstone.
Key investment considerations include:
•Ideal counter-cyclical buying opportunity
•Substantial 4,282sqm landholding in the CBD
•Secure and diverse cash flow business
•Significant underlying gaming machine value with 23 machines
•27 motel-style accommodation rooms
•Established canvas to craft a revitalised hotel operation
•Limited to no immediate foreseen CAPEX requirements needed
The Queens Hotel is offered for sale via Private Treaty and is open to offers over $2.75 million.