Interstate investors are divesting their long-held Railway Hotel in Marian, to focus closer to home.
Located 28 kilometres from Mackay Airport, the Railway is the only hotel in the town of Marian, serving around 4,200 local residents and the broader Pioneer Valley, with its population of some 15,000 people.
Within the Railway’s 1,586sqm site is a single point operation public bar with TAB, bistro and lounge dining areas seating around 150-pax, gaming lounge with 20 Coastal gaming machine authorities and approval for 24, and an outdoor children’s play area.
As well as a drive-through bottleshop onsite, in accordance with Queensland licences being allowed three detached bottleshops the pub operates a very successful one within the Woolworths-anchored Marian Town Centre shopping centre.
Marketing literature reports a diverse business, generating consistent annual revenues across all departments. It holds upside by way of potential to increase the gaming operation and through increased trading hours.
The freehold going concern interest has been held for many years by a group of investors, led by Bryan Sheedy, whose father was a major player in Queensland Sugar for many years, with the operational expertise of Stephen Beaumont’s Melbourne-based pub group, which sold the Gracemere Hotel of Rockhampton last year to Sydney-based investors.
As was the Gracemere, the Railway has been operated under management.
Beaumont Hotels has acquired two venues in Victoria in the past year, and the sale in Marian represents a slight repositioning of the portfolio, being the last asset in Queensland under the current shareholder structure.
It follows the nearby recent sale by Redcape of The Grove, formerly the Andergrove Tavern, in Mackay.
The Railway is being marketed by HTL Property in conjunction with Power Jeffrey & Co, executing an Expressions of Interest campaign closing Wednesday, 22 May.
Agents would not be drawn on an estimate, but recent comparable sales suggest it is likely to achieve a sale price north of $11 million.
