The last of former rich-lister Robert Fraser-Scott’s hotel properties has hit the market after three years languishing under the control of receivers.
Surrounded by attractions, the Boathouse Tavern was one of 18 assets seized by Ernst & Young in April 2012, and the last hotel to go to market.
Significantly, local portfolio sibling the Coomera Tavern (formerly the Warehouse Tavern) is now operated by the Woolworths-backed ALH and the Wattle Hotel (formerly the Lost City) is now operated by Redcape. Coles’ Spirit Hotels operate the nearby Hope Island Tavern.
Speaking to PubTIC, Ray White director Tony Bargwanna, who is managing the campaign, says the pub will undoubtedly experience a big upturn in trade with a dedicated professional operator, taking advantage of the big gaming players already in the area.
“The competitive group around the Boathouse have been established for some time. I believe the right operator would do very well, as they would know the limited risk of another licence into the area.”
Situated adjacent to the bustling M1 motorway, near the Gold Coast’s three big theme parks, the hotel marks the road to the Gold Coast mariner, and this was chosen as its theme, which included installation of a 40-foot Rivera Cruiser into the main bar.
Coomera is around 20 kilometres from Surfers’ Paradise and 50 from Brisbane, and a short ride from Coolangatta airport. As such Bargwanna anticipates interest in the property from both Queensland and interstate operators.
“[It] has really good frontage and access from the M1, which is a massive feeder that benefits any business along it.
“And everyone wants to have a beer around the boat.
“It’s a tick off the bucket list for locals, tourists, theme‐park visitors and of course, boaties.”