The popular Queensport Tavern and Motel at Hemmant in Brisbane’s TradeCoast precinct is being offered for sale as a freehold going concern by Ray White Hotels Australia.
The 19th century built property at 49 Gosport Street, Hemmant, is being marketed via Expressions of Interest by Leon Alaban and Christian Tsalikis of Ray White Hotels Australia.
Mr Alaban said the Queensport Tavern and Motel was established in 1864 and is conveniently located near the Port of Brisbane, one of Australia’s fastest growing and diverse multi-cargo ports.
“The Port of Brisbane handles more than $50 billion in trade per annum and is undergoing an upgrade which is scheduled for completion in 2018,” he said.
“Due to growth in trade and shipping and demand for port-related commercial and industrial development, additional land is being reclaimed over the next 30 years in a 230ha area known as the ‘Future Port Expansion’.
“The tavern boasts a large and loyal blue collar clientele due its proximity to the Port of Brisbane. The property is approximately 11km from the Brisbane CBD and 14km from Brisbane Airport.”
Mr Tsalikis said the tavern and motel as well as three detached bottle shops generated total revenue of more than $6 million in the 12 months to August, 2015.
“The Queensport Tavern and Motel comprises a public bar, lounge bar and bistro, TAB and Keno facilities and a gaming room with 25 electronic gaming machines (EGMs) as well as a beer garden and full commercial kitchen,” he said.
“There’s a drive-through bottle shop on-site as well as the three detached bottle shops at Wynnum North, Wynnum and Tingalpa. The bottle shops are currently marketed under the Bottlemart purchasing group.
“The motel has 26 rooms including six king rooms, two disabled rooms and 18 double rooms. There are also six hotel rooms. On-site and street parking is available.”
Expressions of Interest close at 4pm on Wednesday, November 11, 2015, with all submissions to be sent to Ray White Hotels at Level 26 111 Eagle Street, Brisbane, 4000 or via fax on (07) 3046 4310.
For more information:
Mb: 0422 011 455
Mb: 0421 562 262
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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