Collinsville, Queensland

OWNERS WANT THEM SOLD AND ALL OFFERS SUBMITTED - 2825MF

FREEHOLD $3,950,000

Business Description

Hotel, Motel, Pub and Leisure - Two freehold going concern properties with option of a further leasehold operation. Make an offer on one or the lot as the owners are Motivated to sell. 2,935 m2 for the Tavern and a further 3,380 m2 for the Pit Pony Apartments.

Pit Pony Tavern

- Excellent regional pub with great profit and poised for growth!

- Diverse revenue drivers with established trading performance and considerable quality offerings.

- One pub town with desirable ongoing profit and considerable $ being spent in the area with projects and development.

- 10 EGMs - QLD Coastal Zone that are well patronised with a modern dedicated gaming room.

- 12 comfortable motel rooms that are well patronised.

- Fully faceted regional hotel with a commercial liquor license.

- Profile CBD location.

- Features a TAB and KENO area, allowing guests to try their luck and enjoy some friendly competition.

- Hotel offers a drive-thru and bottle shop.

- Diverse and reliable range of profitable revenue drivers with established team of staff members that wish to remain.

- Spacious managers area/residence currently used for administration and storage.

- Only 1 hour from Bowen and benefiting from $Billions in investments in the area.

- Motivated to sell and instructions are for all offers to be submitted.

Pit Pony Tavern has 10 coastal QLD gaming licenses. Tender 54 Coastal Operating Authority tender results for Coastal Machines of which Pit Pony Tavern has 10 was $198,668 each. (Average prices include GST and the contribution to the Queensland Government Consolidated Fund (CF) but exclude stamp duty and fees payable to the Public Trustee.). To replace the Coastal Operating Authorities for the property that is in excess of $1.98M alone in value.

Pit Pony Apartments

- 16 self-contained donga rooms that are very suitable and popular with for longer term stays.

- Bitumen car park with ample parking spaces with additional room for larger vehicles in close proximity.

- Profile CBD location with easy walk to all conveniences.

Combined Accommodation Turnover greater than $642,000 for 2022/23 and heaps of room for growth with huge projects coming online soon that should double the accommodation income.

Combined total turnover in excess of $3.7M for 2022/23 with significant projects happening in the area and mining they has 35+ year of known available resources available for supply plus additional areas.

In addition to this for the strategic hold, the offering also includes the Collinsville Motel.

Motel, owners are Motivated to sell.

EASY TO RUN LEASEHOLD MOTEL IN BOOMING COLLINSVILLE QLD.

- Well-established, easy-to-manage thriving resources town.

- Comprising 24 well-maintained rooms popular with corporate clients and short-term stays.

- Long-term investment with a 25-year remaining lease

- Highly attractive investment in high growth town

- Exceptionally maintained property upholding a high standard

- Strategically located adjacent to the Collinsville showgrounds and adjoins

- Situated in a resource-rich town with significant development activity in alternative power options

- Effortless management with a well-structured property

- Inspections are by appointment only

Combined Accommodation Turnover greater

$216,154 (GST excl) 2023 July – December (6 months - as provided by vendor)

$389,219 (GST excl) 2022/23 as provided by vendor (Refer Accountants Figures)

Regardless of if you’re a starter or a proven operator, this has significant upside and a strong existing business. It is worthy of your closest consideration and a comprehensive information package is available.

Will be the centre of a $20 billion renewable energy and ammonia/hydrogen project worth billions led by Korea Zinc’s Ark Energy in Townsville.

creation of over 6800 jobs during the construction phase and over 600 permanent jobs for the local region once operational.

Investment of over $7.5 billion · Support Queensland's goal of 70% renewable energy by 2032. A reduction in greenhouse gas emissions.

Offers considered for Motel lease separately to Freehold Apartments and Freehold Tavern. Owners will consider all options.

Net Profit: $419,208 conservative for the 2022/23 financial year

Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2825MF (quote when enquiring)

Property Code: 4949

Business Summary

Marketing Agent
Michael Philpott
Michael Philpott

Key Investment Insights

1. Two freehold properties for sale with option of a further leasehold operation
2. Motivated owners looking to sell and open to all offers
3. Diverse revenue drivers with established trading performance and considerable quality offerings
4. Located in a one pub town with desirable ongoing profit and considerable investment in the area
5. 10 electronic gaming machines and 12 comfortable motel rooms
6. Fully faceted regional hotel with a commercial liquor license
7. Features a TAB and KENO area, drive-thru and bottle shop
8. Spacious managers area/residence currently used for administration and storage
9. Only 1 hour from Bowen and benefiting from $Billions in investments in the area
10. Pit Pony Tavern has 10 coastal QLD gaming licenses with a replacement value of over $1.98M
11. Pit Pony Apartments has 16 self-contained donga rooms and a bitumen car park with ample parking spaces
12. Combined accommodation turnover of over $642,000 for 2022/23 with potential for growth
13. Combined total turnover in excess of $3.7M for 2022/23 with significant projects happening in the area
14. Includes the Collinsville Motel, a well-established, easy-to-manage thriving resources town
15. 24 well-maintained rooms popular with corporate clients and short-term stays
16. Long-term investment with a 25-year remaining lease
17. Located in a resource-rich town with significant development activity in alternative power options
18. Effortless management with a well-structured property
19. Close proximity to a $20 billion renewable energy and ammonia/hydrogen project
20. Offers considered for Motel lease separately to Freehold Apartments and Freehold Tavern
21. Net Profit of $419,208 for the 2022/23 financial year.
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