150 Quay Street
Rockhampton City QLD 4700
Offer To Purchase
Ready For The Next Chapter
Rare opportunity to acquire the freehold going concern of the Criterion Hotel Motel, a well-established hospitality asset located in the heart of Rockhampton, Queensland on the banks of the Fitzroy River. On this site the original Bush Inn was one of the city’s earliest hotels that commenced trading in 1856. The current owners the Turnbull family acquired the freehold and business of the “Cri” in 1991.The dining facilities were expanded with the development of the Bush Inn Bar and Grill in 1998 with a 130 seat restaurant and bar and the redevelopment of the News room bar accommodating a further 45 seats plus alfresco seating overlooking the river. In 2004 they acquired the adjoining property and developed a new 19 room motel and secure carpark. Combining multiple income streams—including the classical corner bar, the renowned news-room bar, the ever-popular Bush Inn Bar and Grill, with multiple levels of accommodation, the historical Parkers room for tailored private and corporate events and with magnificent ornate stairways and leadlight windows this property rivals all others for presence.
The Criterion Hotel Motel is one of those rare properties in Australia where the building, the business, and the city’s identity are tightly intertwined.
The business benefits from diversified income sources:
• Bar and beverage sales
• Accommodation (short-term stays)
• Food & dining
• Ancillary income (functions, event and keno)
• Positioned within Rockhampton’s commercial, tourist, residential and administrative precinct.
• Close proximity to government offices, retail centres, transport links and the evolving residential and short-term accommodation development.
• Strong regional economy driven by mining, agriculture, government, defence and tourism and infrastructure projects.
• Gateway to the Capricorn Coast and Great Barrier Reef
For further information contact the selling Agents:-
Pat O'Driscoll 0418 792 571
Tony Fenlon 0458 210 766
Features
General Features
- Land Area: 2,023sqm
- Commercial Type: Hotel/Leisure
- Building Area: 2,023sqm
- Zoning: Commercial
Can I afford 150 Quay Street?
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