The Barkly Hotel Motel Mount Isa sold - Savills
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The Barkly Hotel Motel Mount Isa sold - Savills
The Barkly Hotel Motel in Mount Isa sold by Leon Alaban, Tony Bargwanna and Christian Tsalikis of Savills Australia for an undisclosed sum to a national hotel group from the privately owned Irvin Hotel Group.
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Savills Australia
A national hotel group has snapped up The Barkly Hotel Motel in Mount Isa for an undisclosed sum, from the privately owned Irvin Hotel Group at a time when Mount Isa’s population is expanding, and new suburbs are still being planned and developed to cater for this increase.
According to local data from Mount Isa City Council, it is predicted that these new suburbs will comprise more than 40,000 people within the next 10 to 20 years.
Located at 55 Barkly Highway, Mount Isa, The Barkly Hotel Motel (“the Hotel”) is a multifaceted business consisting of gaming, food & beverage, drive through bottle shop and accommodation facilities located in Mount Isa.
Image: Savills Australia
The Hotel is situated on a 1.35* hectare site and consists of a public bar, a sports bar and dining room, a gaming room (35 EGMs), commercial kitchen, beer garden, TAB & Keno, drive through bottle shop, function area, leased gym (to a third party) and accommodation (44 motel rooms plus manager’s flat).
The property was sold by Leon Alaban, Tony Bargwanna and Christian Tsalikis of Savills Australia who said the Barkly Hotel Motel offers diverse revenue streams through gaming, accommodation, food & beverage, retail and the leased gym.
Image: Savills Australia
According to Leon Alaban, National Director, Hotels at Savills Australia, “The Hotel offers diverse revenues streams, and the consistent income is derived from local residents and the thriving local mining industry; the epicentre of which is located within walking distance from the Hotel.
“The property is adjacent to the Mount Isa mine, capturing business from locals and visitors alike”, he continued.
Mount Isa is situated in Queensland’s Outback, affectionately known as the ‘oasis of the outback’ and is home to one of the most productive single mines in world history, Mount Isa Mines (MIM) specialising in lead, copper, silver and zinc.
Image: Savills Australia
The Mount Isa region is known for the mining and resources sector, but the town is a major northern Australian hub for health services including the Flying Doctor, education services such as School of the Air, James Cook University and TAFE, government and administrative services, transport and agriculture.
Christian Tsalikis, Senior Sales Executive, Hotels at Savills Australia said the Hotel is just nine minutes from the Mount Isa Airport, which services regional Queensland towns, and major cities of Cairns, Townsville and Brisbane.
“Mount Isa Mines” operate two (2) separate mines; copper and zinc-lead-silver. This mine is the most significant landmark in Mount Isa due to the size of the stack from the lead smelter which stands 270m* tall, making it visible from up to 40km* away” he said.
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