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Press Release

Press Release – 1770 Beach Hotel

A hotel in the picturesque seaside village of Seventeen Seventy on the central Queensland coast has been listed for sale with Ray White Hotels Australia.

The 1770 Beach Hotel at 576 Captain Cook Drive, Seventeen Seventy, is being marketed in an Expression of Interest campaign by Leon Alaban and Sean Dollar of Ray White Hotels Australia on behalf of the owners of which live interstate.

Mr Alaban said the hotel, which has a rich history in the area after originally being the village’s general store, was purchased by the current owners in 2009 when it was known as ‘The Tree Bar’.

“The new owners took on the daunting task of renovating and refurbishing the property, shortly after the completion of these works in 2010 the Hotel was renamed 1770 Beach Hotel,” he said.

“Since then the business has continued to grow year-on-year and the hotel, which is the only licensed premises in Seventeen Seventy, has proven popular with both locals and tourists visiting the region.

“The current owners love the community and the region and they will continue to be invested in the area through other properties they own. Typically, the owners are passive freehold property investors not operators; on this basis they recently made the decision to market the freehold going concern and / or the leasehold interest of the Hotel.”

Mr Dollar said the hotel is a two storey building which comprises a bar, restaurant, commercial kitchen, office, on-premise bottleshop and a brand new function room.

He said the hotel also operates a detached bottleshop in Endeavour Plaza, the largest shopping centre in nearby Agnes Water.

“The hotel is on a site area of approximately 1,156 sqm and offers magnificent views overlooking Bustard Bay and the beach,” he said.

Mr Dollar said the village of Seventeen Seventy is situated approximately 130km south of Gladstone and approximately 130km north of Bundaberg.

The 1770 Beach Hotel is being offered for sale via Expressions of Interest closing at 2pm on Thursday, October 10, 2013. The owners will also consider offers to lease the hotel.

ENDS

For more information:

Leon Alaban
Mb: 0422 011 455

Sean Dollar
Mb: 0457 446 196

About Ray White
Ray White is the largest real estate and property group in Australasia. The company, established in 1902 at Crows Nest in Queensland, has almost 1,000 individual offices spread across Australia, New Zealand, Indonesia and India as well as newer offices in key locations in the Asian region and the United Arab Emirates. The brand is represented by more than 8,000 staff, has an annual sales turnover in excess of $30 billion and manages more than 300,000 rental properties.

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