HIGH NET PUB IN COASTAL TOWN 15%+ ROI

98 Charlotte Street Cooktown QLD

For Sale
  • $PRIVATE TREATY $2.95M + SAV

Description

Off Market Hotels have been exclusively appointed to offer for sale the ‘TOP PUB’ located in Cooktown, for sale by Private Treaty.

The Top Pub is a long established pub, rich in history and has a strong on-premise business and strong retail. The hotel presents very well and is a local attraction to both tourists and the region. The hotel is located in the main strip in Cooktown.

The business is supported by exceptional food, bars, KENO & TAB. The detached bottle shop is located in the only local shopping centre, under a long lease.

Bar sales are over $21k per week, Food $4-5k per week, and Retail over $40k per week in retail sales. On-site accommodation equates to $50k per year.

There is a real opportunity for an astute operator to access licenses for gaming to take this proposition to the new level.

Cooktown is the gateway to Cape York Peninsula, with 50+ thousand travellers on an annual basis making their way to the tip. The majority of these travellers, pass through Cooktown and during the season, making this township hum for a number of months.

Cooktown is the base for the entire Far North Queensland Communities, with a strong presence of many government agencies, QLD health servicing the region. Corporate clients, service the region from Cairns, with services daily. Fisheries, live export for Coral Trout, fishing charters, Barramundi, deep sea fishing and the exceptional Marlin grounds, accessing the Ribbon Reefs and Great barrier Reef are all year round.

For further information contact Shane Mullins shane@offmarkethotels.com.au & 0447 185 001

HIGHLIGHTS

Strong trading figures for many years
ROI circa 15%+
Presents well and ready for a new operator
Opportunity for an astute operator to access gaming
On-site accommodation for staff and management
Strong retail in DBS
Fully renovated nothing else to do
Fully staffed with long term employees

Details

Price:$PRIVATE TREATY $2.95M + SAV
Address:98 Charlotte Street
City:Cooktown
State:QLD
Zip Code:4895

Contact Us About This Listing

Shane Mullins photo
Shane Mullins

State Sales Manager

Cell: 0447 185 001

106/42 Brisbane Road
Mooloolaba, Queensland 4557