The signature hotel of one of Queensland’s holiday meccas has hit the market, prompting a flood of enquiries from “everywhere”.
Residing on a strip of sand in the Coral Sea, around 30 kilometres south-east of Brisbane, North Stradbroke Island is home to the uber-popular Stradbroke Island Beach Hotel.
Held by North Point Holdings for the past 30-plus years, and without a professional licensee for the past eight, the hotel seems to be on many publicans’ must-have list.
“In eight years doing this, I have never had more enquiries about a listing … it seems at some stage, everyone has wanted to own the Straddie,” Ray White managing director told PubTIC.
“I’ve been genuinely shocked – we’ve had enquiries from everywhere.”
As well as sporting a successful bistro, Waves Bar, a beer garden, gaming room with 15 EGMs and wedding and conference facilities, Bargwanna says the ‘Straddie Hotel’ is a key part of the local landscape.
“The hotel was opened in 1962, and was affectionately known by locals and visitors as the Straddie Pub until a total rebuild in 2006 launched a new era as the Straddie Hotel.
“It’s a passionate place for Brisbanites, and offers massive upside for an owner-operator.”
Accommodation at the site consists of 13 hotel rooms and a manager’s residence, plus the 21 units of Waves Stradbroke Luxury Serviced Apartments. The onsite bottleshop competes with just one other on the island.
Accessible by vehicle barge and high-speed ferry, North Stradbroke Island hosts events throughout the year, most pertinently the Straddie Salute Triathlon Festival and the Island Vibe Festival.
But the future of the area will be most affected by the pending development approval by the Queensland Government for an upgrade of the ferry departure point to the island, at Toonbah Harbour at Cleveland.
The Stradbroke Island Beach Hotel is being marketed via Expressions of Interest through Ray White, closing 12 November, 2015.