The magnificent Hotel Corones is the most famous historic landmark in the western Queensland pastoral town of Charleville.

It was built in the 1920s at the same time that a little bush airline called Qantas began its first scheduled flights, taking the mail and occasionally a passenger or two in rickety biplanes on its regular weekly run from Charleville to Cloncurry with an overnight stop at Longreach.

The Corones is one of the few masonry buildings remaining that was built in the 1920s and it represents a grand era of prosperous times from the pioneering days of the early 20th century when Australia rode on the sheep’s back.

At the time the hotel boasted the longest bar in the Southern Hemisphere, a bar that still serves refreshments to this day.

Previous guests at the Corones have included Australian Prime Minister Gough Whitlam, the British entertainer Gracie Fields, pioneering pilots such as Amy Johnson, and rock and roll great Johnny O’Keefe, as well as early Qantas passengers, the Duke and Duchess of Gloucester.

The hotel became the focal point for Queensland’s great rural economy and it was an important centre for aviation as well, linking Australia with the rest of the world. It became a regular stop on overseas flights taking off from the big cities of Melbourne, Sydney and Brisbane.

The majestic property represents a step back in time as one of the truly iconic hotels in the heart of the Outback, but as well as being a working window to the past it also represents a profitable future for new owners.

Michael Philpott, from Tourism Brokers, said the Corones was both a grand piece of history and a large scale accommodation offering. The freehold for this iconic property is on sale for $2,500,000. It offers a seven-figure turnover. Net profit for 2021/22, with managers in place was $276,484.

The property has diversified revenue streams. It offers its owners profits from accommodation, bar sales, restaurant trade and bottle shop turnover. There are also commercial leased areas and cash businesses that include a laundromat and dog wash.

There is potential for even more growth with a boardroom, beer gardens, and other revenue areas on the property.

“Rarely do we have the privilege to market properties with such historic value,” Mr Philpott said.

This vast country hotel has 50 rooms, ranging from budget accommodation to VIP heritage suites as well as motel rooms and staff quarters.

It has undergone significant renovations over the last six years.

There is an impressive four-bedroom, two-bathroom residence and a museum quality history room.

The Corones is situated on a 3518 square metre site over two lots. It is in the centre of the town of 4000 people and convenient to all that this important area offers.

There is a separate office and guest reception and the property is equipped with a linked computer system which is supported by the property website and online booking options.

The dining room has seating for 70 people and the Bottlemart is the largest bottle shop in the region.

The recent installation of solar power has slashed daytime running costs and the building was rewired in 2016 to comply with the latest insurance and fire regulations.

The property also has two vacant shops available for expansion or lease, and there are three rooftop rooms with exclusive access to the deck and outdoor champagne baths, period furniture and a private bathroom.

As well as its great history in aviation, Charleville is an important road and rail centre. It is situated on the banks of the Warrego River, 747 kilometres west of Brisbane. It is the terminus for the Warrego Highway, while the Mitchell Highway connects it with Cunnamulla, Bourke, Dubbo and Sydney.