Colliers are pleased to offer to market the Sovereign Hotel for sale together with the adjoining car yard. Angelo Castorina Associate Director of Colliers Townsville has been appointed to handle the sale.

The Sovereign Hotel at 807-813 Flinders Street is at the western end of Flinders Street, adjoins the Greek Community Centre, is 900*m from Central Village, BCC Cinemas and Central Queensland University, 1.4*kms from the CBD, 2.6*kms from Queensland Country Bank Stadium, 3.0*kms from The Strand and 3.3*kms from The Ville Resort-Casino.

The property comprises a 2-level Queenslander-style timber hotel fronting Flinders Street and an adjoining car yard at the rear fronting Sturt Street. The hotel has a separate entrance / driveway to the rear from Sturt Street.

92028d37-4e19-4e70-98d3-7cec22b54366.jpeg

Ground floor of the hotel features a public bar with show stage and dance floor, DJ facility, lounge area, second bar with function area, commercial kitchen, 2 x cold rooms, and pool room with beer garden. First level has 8 furnished airconditioned rooms, mix of single and double, a manager’s residence with rear deck, kitchen and bathroom amenities, and full length covered front verandah. Hotel is equipped with a fire sprinkler system and a 60-panel, 15kww solar system. Front verandah and roof have been recently upgraded. Car yard on Sturt Street is bitumen sealed with masonry block offices.

db0db764-036e-4c06-b0ce-fa6b12f7d757.jpeg

Hotel has a 3+3+3-year lease commencing 1 March 2021. The car yard is on a monthly tenancy and has been leased by the adjoining car dealership for the past 22 years.

The property is offered For Sale by Expressions of Interest (EOI), closing Thursday 19th August 2021 at 4:00 pm AEST (Qld)

To request a copy of the Information Memorandum please contact the marketing agent Angelo Castorina Associate Director of Colliers Townsville via the contact details below.

cdd314b6-ce07-4327-922e-f4e6da98b3b9.jpeg