The iconic Caves Country Pub for sale by Frank Munnich of RE/MAX Advantage. The Caves Country hotel for sale at $2.1m WIWO and includes the adjoining potential motel site.
The iconic Caves Country Pub for sale in almost 30 years by Frank Munnich, Commercial Property Agent of RE/MAX Advantage. The Caves Country Pub is on offer for $2.1m WIWO and includes the adjoining potential motel site.
Situated only a few kilometres North of Australia’s beef capital, Rockhampton, the property is well positioned and the business itself has an excellent reputation. Rockhampton's Northern corridor has experienced strong growth over the past years and the exclusive location of the Caves Country Pub combined with it’s fantastic reputation has resulted in consistent trading figures.
Marketing agent Frank Munnich from Remax Advantage told WILLIAMS MEDIA, “There has been significant interest from both local and interstate buyers. The potential to boost revenue by incorporating a drive-through bottle shop and opening for breakfast makes this a great opportunity. The site previously had council approval to construct a motel and I would expect the new owners to review this”.The proposed Rockhampton Ring Road will allow travellers to bypass Rockhampton City, bringing them back onto the Bruce Highway at Parkhurst. This is expected to place an increased demand on the need for accommodation, fuel and food stops North of Rockhampton, which further supports the case to construct the motel.
Situated approximately 19km North of Rockhampton, the hotel has a very long history and is a favourite with locals. A large number of tourists who visit the nearby Capricorn Caves and Henderson Park Farm stay make a stop at The Caves Country Pub for one of their signature steaks.
“The current owners have recently completed a capital expenditure programme which included an upgrade to the cold room and refrigeration, meaning the new owners can continue operating without having to worry about large, unforeseen expenses” commented Mr Munnich.
“There is a well-appointed managers residence, sheds and other storage facilities as well as an inground swimming pool which is overlooked by the expansive outdoor dining area” Mr Munnich added.
The Caves Country Pub is on offer for $2,100,000 WIWO and includes the adjoining, potential motel site.
To request a copy of the Information Memorandum please contact one of the marketing agent Mr Frank Munnich via the contact details below.