The sprawling Advancetown Hotel Motel has come to market in sought after south-east Queensland, set to tempt operators large and small.
Situated in the hinterland of the city of the Gold Coast, the Hotel sits on approximately 7.186-Ha (71,860sqm) comprised of two adjoining allotments, approximately 20 kilometres from Surfers Paradise, or 80 from Brisbane.
It boasts a diverse range of revenue departments through food & beverage, retail and accommodation, offering a sports bar, bistro, TAB, beer garden, entertainment area, onsite bottleshop and one detached bottleshop.
The accommodation comprises six motel units, a separate building with another four rooms, and a guest pool.
There is opportunity to expand on the Hotel’s operation, notably the gaming component, which while approved for 10 gaming machines currently comprises only Keno and TAB. The pub is also operating only one of its allowed three detached bottleshops.
The massive landholding lends itself to further opportunity, being an ideal footprint for entertainment events and assorted other uses.
Held by a passive private owner, it is being operated under management and expected to draw interest well beyond Queensland, likely appealing to both corporate groups and owner-operators.
“The strategic locality of the property in the south-east corner of Queensland is sure to be a drawcard for publicans and corporate groups, with its close proximity to Surfers Paradise, Coolangatta Airport and Nerang Central,” suggests JLL Hotels’ Christian Tsalikis, marketing the asset.
The freehold going concern of the Advancetown Hotel Motel is being offered via Expressions of Interest, closing Thursday, 3 March.
