Collinsville, Queensland

OWNERS WANT THEM SOLD AND ALL OFFERS SUBMITTED - 122HF3

SOLD

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 $4M for 2023/24 with significant projects happening in the area and mining they has 35+ year of known available resources available for supply plus additional areas.

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 6,800 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: $580,315 for 2023/24

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

Property ID: 122HF3 (quote when enquiring)

Property Code: 4955

Business Summary

Marketing Agent

Michael Philpott

0433 13....

Tourism Brokers

Key Investment Insights

AI generated. Confirm details with the seller.

Key Insights:

1. Two freehold going concern properties are for sale, with the option of a further leasehold operation.
2. The owners are motivated to sell and are open to offers on one or both properties.
3. The Pit Pony Tavern is an excellent regional pub with great profit and potential for growth.
4. The property has diverse revenue drivers and established trading performance.
5. The town has only one pub, making it a desirable location for ongoing profit.
6. The property includes 10 electronic gaming machines and a modern dedicated gaming room.
7. There are 12 comfortable motel rooms that are well patronised.
8. The hotel has a commercial liquor license and a profile CBD location.
9. Additional features include a TAB and KENO area, a drive-thru and bottle shop, and a spacious manager's area/residence.
10. The property has a diverse and reliable range of profitable revenue drivers and an established team of staff members.
11. The Pit Pony Tavern has 10 coastal QLD gaming licenses, with a high value for replacement.
12. The Pit Pony Apartments include 16 self-contained donga rooms and a bitumen car park with ample parking spaces.
13. The property has a profile CBD location and is within walking distance to all conveniences.
14. The combined accommodation turnover is expected to be over $642,000 for 2022/23, with potential for growth.
15. The combined total turnover is expected to be over $4M for 2023/24, with significant projects happening in the area.
16. The property is located in an area with significant mining resources and upcoming renewable energy and ammonia/hydrogen projects.
17. The projects are expected to create thousands of jobs and support Queensland's goal of 70% renewable energy by 2032.
18. The owners will consider all options, including offers for the motel lease separately from the freehold properties.
19. The net profit for 2023/24 is estimated