Savills Australia and New Zealand experts Leon Alaban and Joseph Ganim market the Cobb and Co Hotel, located at 20 Henry Street, St George, Queensland and the adjoining property at 16 Henry Street, St George, Queensland for sale.
Savills Australia and New Zealand exclusively offer to market, the Cobb and Co Hotel, located at 20 Henry Street, St George, Queensland and the adjoining commercial property at 16 Henry Street, St George, Queensland.
The asset is for sale through Leon Alaban and Joseph Ganim.
The hotel occupies a prominent 951 sqm* corner site facing the Carnarvon Highway, while the adjoining commercial property sits on a 644 sqm* site fronting Henry Street. The highway experiences significant vehicle exposure and serves as a vital transport corridor through central Queensland, extending from St George in the south to Rolleston in the north.
St George is situated approximately 513 km west of Brisbane, 389 km west of Toowoomba, and 194 km south of Roma.
Joseph Ganim, Sales Executive – Savills Australia and New Zealand said, “The hotel is supported by loyal local patronage and offers buyers a diverse business with a strong gaming foundation.
“With the recent acquisition of the adjoining property, the Hotel now offers expansion growth through relocating the drive through bottleshop and repurposing the old bottleshop,” Ganim added.
Established in 1886, the Cobb and Co Hotel’s facilities comprise of a public bar, lounge bar and dining area, gaming room (19 EGMs), beer garden, drive-through bottle shop, accommodation (eight (8) hotel rooms), and a three (3) bedroom manager’s residence.
The venue has a rich history, named after a coaching company that connected the bush settlements of Australia from the 1850s to the 1920s. Their network of routes crisscrossed the eastern states of Australia, from North Queensland to Melbourne and across to Adelaide. The property was previously the booking office for the Mungindi Coach. It was renovated from 1914 to 1919 and once advertised electric light, aerated waters, cordial as well a select brand of wine and spirits.
Agriculture plays a significant role in the economy of St George, with cotton, grains, sheep, and cattle farming being primary industries in the area. The fertile soils and reliable water supply from the Balonne River support thriving agricultural enterprises, contributing to the town’s prosperity and vitality.
St George is a popular tourist destination due to being situated on the Balonne River and proximity to surrounding national parks. Visitors can enjoy a variety of recreational activities, such as fishing, boating, camping, birdwatching, and bushwalking, all within the region’s picturesque natural landscape.
Leon Alaban, National Director – Hotels at Savills Australia and New Zealand said, “Buyers seeking Freehold Going Concern pubs with strong investment returns should pay careful consideration to this opportunity. The current owner has built a solid business over the past nine years, yet there is still significant potential for further trade growth under the right ownership.”
The Freehold Going Concern of the Cobb and Co Hotel is being offered for sale by way of Expressions of Interest.
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