The large-format Rocklea Hotel is being sold by the Ingham Myers brothers, offering clear upside as Brisbane ramps up to its international spotlight in 2032.
Established in 1874, the pub occupies a prominent 3,141sqm site on arterial Ipswich Road. It features a public bar, commercial kitchen and bistro seating around 80 patrons, TAB & Keno lounge and gaming room with 25 machines and its own DOSA, function space, outdoor beer garden, and 12 unused pub-style accommodation rooms plus a manager’s quarters with a balcony.
There is also a drive through bottleshop onsite and the pub holds two detached bottleshops.
Trade is bolstered by its main road location, nine kilometres south of the city centre and close to the famous Brisbane Markets, aka Rocklea Markets, spanning 77-Ha and more than 40 buildings, with 150 businesses, drawing large crowds to the area each weekend.
The Hotel resides in an industrial precinct, but is close to upmarket residences in nearby suburbs, including Moorooka, Salisbury, Archerfield, and Acacia Ridge.
Operating under an established and sustainable trading model, the Rocklea generates weekly revenue across departments of more than $200k.
It has clear potential through the activation of the unused accommodation on the second level, and the gaming is permitted to increase capacity to 34 machines.
The ground floor layout could benefit from a more modernised floorplan to better utilise the space, and as per the hotel’s Queensland licence it is permitted to establish a third detached bottleshop.
Vendors on the sale are brothers Nick and Sam Ingham Myers, who acquired it in 2015.
Brisbane is undergoing a period of transformation, underpinned by both population and tourism growth, as the city looks forward to hosting the Olympic Games in 2032. The lead-up is expected to fuel long-term economic activity and development in the region.
Seeing a lot of unsolicited approaches to sell, in a market with limited gaming-equipped pubs and most held by corporate groups, the brothers have opted to test the waters at a suitable time to capitalise on the city’s growth.
They have engaged JLL Hotels’ Tom Gleeson and Christian Tsalikis to market the freehold going concern business in an Expressions of Interest campaign closing Thursday, 29 October, offering both strong existing cash flow and blue sky in the Sunshine State.
“The finite availability of gaming assets within the Brisbane area cannot be overstated,” says Gleeson.
“Combined with multiple untapped opportunities, this asset offers significant potential within an incredibly in demand and attractive market.”
