Freehold of St George’s best located hotel for sale by JLL’s Mark Walsh and Tom Gleeson via an Expressions of Interest campaign.
The strong attraction to regional Queensland pubs continues, with buyers looking for well-rounded hotels with multiple revenue options. St George’s best located hotel is now being offered to market via JLL’s Mark Walsh and Tom Gleeson via an Expressions of Interest campaign.
Situated in the heart of St George in the Balonne regional council, the Cobb & Co is the most recognisable and well-known pub in town. The Cobb & Co is the only remaining hotel on the main street and occupies a large 951sqm block. The beautiful Queenslander-style hotel includes a very popular bistro, bar, gaming room and accommodation, as well as a large, covered garden area for events or extended dining. The drive thru bottleshop sits adjacent to the hotel and is very well serviced by the local and tourist market. Ongoing renovations and improvements mean the hotel has relatively low maintenance and presents extremely well.
St George is the major regional centre, being the base for the Balonne regional council offices, and is located on the intersection of major access roads between Cunnamulla Roma, Goondiwindi and northern NSW centres. This geographical position is a major advantage for tourists, industrial hubs and regional transport services. The greater St George region is rich in agriculture, wine, fishing, coal seam gas, coal mining and both traditional and renewable energy production. A number of employers, contractors, infrastructure and ASX-listed companies own farms, wineries, gas lines, coal mines, solar farms and wind farms in the surrounding areas.
JLL Hotels Vice President, Mark Walsh, anticipates Cobb & Co will be a very desirable property, due to a strong combination of profitability, great location and the anticipated regional growth. “The Cobb & Co is a proven business in a strong regional town, and the high desirability of regional Queensland hotels should see good interest in this property. Recent sales in other towns prove the strength in country Queensland pubs as a long-term positive investment”.
The freehold interest in the Cobb & Co Hotel is available via Expressions of Interest closing Friday 26 November at 5pm.
To request a copy of the Information Memorandum please contact one of the marketing agents via the contact details below.
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