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Press Release – Commercial Hotel

COMMERCIAL HOTEL NAMBOUR FOR SALE

A refurbished, older-style freehold hotel at Nambour in the tightly held Sunshine Coast region has been listed for sale with Ray White Hotels Australia.

The Commercial Hotel at 35 Currie Street, Nambour, is being offered for sale via tender by Leon Alaban and Tony Bargwanna of Ray White Hotels Australia.

Mr Alaban said the venue was extensively refurbished in 2007 and its annual turnover (exclusive of gaming revenue) for the 2012-13 financial year exceeded $6.5 million.

“This is a rare chance to secure a freehold hotel within the tightly held Sunshine Coast Hinterland,” he said.

“The three-storey hotel includes a two level accommodation annexe and a drive through bottle shop is situated on a site area of approximately 1,419 sqm in a high profile location in the Nambour CBD.”

Mr Alaban said facilities in the hotel include a public/sports bar, dining area, alfresco dining/beer garden, function room, kitchen, drive through bottle shop, three (3) detached bottleshops and accommodation areas.

“The hotel’s gaming room has 30 electronic gaming machines however there is an approval to operate up to 37 EGMs,” he said.

Mr Bargwanna said the hotel’s accommodation consists of 12 hotels rooms all with ensuites.

“The hotel operates a duel lane drive through bottle shop with a cold room and retail display area. The bottleshop is independent of any liquor purchasing group.

“The business also includes three detached bottle shops in Nambour, all within 8km of the hotel.”

Nambour is located approximately 100km north of Brisbane and is approximately 15 minutes’ drive from the Sunshine Coast Airport.

“Nambour is now the administrative centre of the Sunshine Coast region and the greater Nambour region has a population of more than 15,000 people,” Mr Bargwanna said.

The tender campaign for the Commercial Hotel closes at 4pm (AEST) on Wednesday, April 16, 2014. All tenders must be submitted to THE Ray White Hotels office at Level 7, Riverside Centre, 123 Eagle Street, Brisbane.
ENDS

For more information:

Tony Bargwanna
Mb: 0411 544 451

Leon Alaban
Mb: 0422 011 455
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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