Elegant Queenslander the Hotel Mitchell has come to market via Trustee sale, offering a blank slate freehold for a bottom line price.
The two-storey brick and timber Hotel was built in 1918 on a big 2,679sqm block on the first corner of the Warrego Highway (A2) coming into Mitchell. It replaced the original Post Office Hotel, built 1864. Mitchell is a town of 800 residents an hour west of Roma, or about six hours west of Brisbane.
Due to personal circumstances of the incumbent, a Trustee has been appointed, but rather than simply cease trading and sell it for break-up value, “heart and soul” has been put into the local watering hole with a view to selling it as a freehold going concern.
Significant works have been done on the operation, particularly getting its hotel, dining and gaming licences in order.
The Mitchell offers a classic island public bar, 40-seat bistro and commercial kitchen, function room, 18 air-conditioned accommodation rooms and large manager’s residence, and amenities, including ample parking. It is also the only pub in town with gaming, holding four EGMs, as well as Keno and Sky Racing.
Additionally, there are three shopfronts under the front balcony, currently untenanted.
The Trustee has installed new furnishings, kitchen equipment, and a new chef has recently begun, joining the management team running the business.
Sale of the Hotel Mitchell is being marketed by PAAMS’ (Premier Auctions & Asset Management Services) Geoff Eaton, who believes the Trustee has positioned it well for someone to make a go of the business.
“I think it’s a real opportunity,” offers Eaton. “This one’s actually got some charm, and got a lot going for it. You walk in, and half an hour later you’re in love with the joint.
“There’s a fella out there managing it for them, with some casual staff … they’ve poured a bit of heart and soul into it.”
Recent trading has been stagnated, the kitchen closed during upgrades, but the cooler months bring the traditional migration of grey nomads, heading west to the Roma races and beyond.
The Hotel Mitchell freehold is being sold on a ‘walk-in walk-out’ basis, with an asking price of $407,000. Offers will be considered excluding the EGMs.