HTL Property Directors Glenn Price and Brent McCarthy are pleased to present for sale the strategically positioned Young Aussie Hotel in Gladstone (Central Queensland).

The Hotel has been owned and operated by Sydney based Irvin Hotel Group for the last 19 years, under a full management structure. The divestment of the Hotel follows Irvin Hotel’s acquisition of the Brookvale Hotel in Sydney’s northern beaches prior to Christmas last year for $40 million.

The popular local’s pub represents a valuable opportunity in a tightly held sector of the market; whereby astute operators have an opportunity to purchase a reliable cash flow business with clear operational upside in many key revenue departments.

The single storey “Aussie” is situated on an expansive 4,776sqm* corner block with 3 street frontages. The hotel's prominent locale sees it positioned within the Gladstone CBD fringe and within immediate proximity of The Port of Gladstone and surrounding residential neighbourhoods.

Operationally, “The Aussie” offers a traditional public bar and TAB, bistro for approximately 140pax, gaming lounge, 6 accommodation rooms, a substantial manager’s flat which includes an inground swimming pool and a dual lane drive-thru bottle shop onsite. The Hotel Licence provides for 3 detached bottle shop licences, which currently sit dormant and could be activated by an incoming operator.

Accretive value opportunities exist to further drive income in the gaming room through the implementation of Ticket in / Ticket Out (TITO) and CRT or cash redemption terminals. The room features a semi modern fleet of 35 Gaming Machines (Coastal) which are currently valued in excess of $6.4m in situ; based upon the most recent Gaming Machine Authority Tender (Jan 2023).

Situated just 6.5km’s from the busy Gladstone airport, and only a 55-minute flight from Brisbane’s Domestic Airport, the opportunity is accessible for both interstate and Brisbane based operators.

The Port of Gladstone is the fifth-largest multi-commodity port in Australia, and the world's fourth-largest coal- exporting terminal. Gladstone’s has a permanent resident population of 35,000*.

This Coastal Queensland hospitality asset is being offered by way of National Expression of Interest campaign closing mid-April 2023.

To request a copy of the Information Memorandum please contact one of the marketing agents via the contact details below.

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