Nanango, Queensland
A CLASSIC PUB IN THE HEART OF TOWN - 116HF
FREEHOLD $975,000
Business Description
Key property features:
- A Classic Queensland country pub with a range of services.
- 11 accommodation rooms upstairs all currently tenanted on a weekly basis.
- Public bar with seating for 30, with pool table.
- Dining room with seating for 40 diners - includes children’s play area.
- Large, rear beer garden area with shade cover catering for up to 30 guests for dining and functions.
- Large upstairs function room which can accommodate over 80 people.
- 2-bedroom managers residence on the second level.
- Great opportunity for new owners to grow the business and attract tourist with the Brisbane bike rail trail at their door.
The Palace Hotel is based in the town of Nanango, Queensland where industry, farming, tourism and community come together.
The historic building was built over 100 years ago and is a solidly constructed of brick and timber. A two-storey classic Queenslander, with food and beverage on the bottom storey, while upper-level has 11 accommodation rooms, a big wrap around verandah and a large function room.
A great opportunity for new owners to re-launch the business with all the hard work done, with recent renovations including complete re wiring of the building, new bar and bar equipment, new flooring and internal paint. 5 of the 11 accommodation rooms have been fully renovated and the remaining partially renovated. Step in and take over this classic hotel and make it your own. Only 15 minutes’ drive from Kingaroy with all amenities and the Sunshine Coast 2.5 hours and Brisbane 3 hours away.
Contact Richard O’Connell from Tourism Brokers for further information or to arrange an inspection.
Property ID: 116HF (quote when enquiring)
Property Code: 4803
Business Summary
Key Investment Insights
1. Well-established and profitable business with a range of services.
2. Multiple streams of income including accommodation, food and beverage, and function room hire.
3. Prime location in the heart of a bustling town with potential for growth.
4. 11 fully tenanted accommodation rooms providing a steady source of income.
5. Spacious public bar with pool table and seating for 30.
6. Dining room with seating for 40 and a children's play area.
7. Large beer garden with shade cover for outdoor dining and functions.
8. Upstairs function room with potential to accommodate over 80 people.
9. 2-bedroom manager's residence on the second level.
10. Recent renovations including new wiring, bar equipment, flooring, and internal paint.
11. Opportunity to attract tourists with the nearby Brisbane bike rail trail.
12. Solidly constructed historic building with a classic Queenslander design.
13. Only 15 minutes' drive from Kingaroy and 2.5 hours from the Sunshine Coast.
14. Potential for new owners to re-launch and make the business their own.
15. Contact Richard O'Connell from Tourism Brokers for further information or to arrange an inspection.
