The Grand Hotel Motel has hit the market through Savills Australia.
Located at 70 Capella Street, Clermont, The Grand Hotel Motel comprises a 2,753sq m* rectangular shaped block situated on the corner of Capella Street, Daintree Street and Court House Lane, Clermont.
Clermont is a rural centre located 110 kilometres north of Emerald and 270 kilometres west of Mackay. The town has a population of 3,031 people (as at the 2016 census).
The Hotel Motel’s facilities include a public bar, lounge bar and dining area for 50 patrons, gaming room (21 EGM’s) with an outdoor smoking area, function room with bar, with capability for up to 90 patrons or 70 seated patrons, a drive through bottle shop branded and marketed under the Liquor Legends purchasing group, 12 motel rooms, two ensuited demountable rooms and a manager’s residence.
The hotel includes a fully equipped commercial kitchen which is currently leased to a Chinese Restaurant. The motel is a two-story brick construct building and features 12 rooms – 11 x double/ single and one (1) x queen. All rooms are air-conditioned and include breakfast benches, a microwave oven and bar fridge and television.
The property is for sale through Leon Alaban and Christian Tsalikis of Savills Hotels who said the Issac region has a Gross regional Product of approximately $11.466 billion *AUD.
According to Leon Alaban, Director – Hotels QLD Savills Australia The ABS reports that the Issac economy generates an estimated $18.683 billion in output, representing 44.5% of the output generated in the Mackay – Issac – Whitsundays (SA$) region. The three major industries underpinning the Issac Economy are: Mining ($15,610.630 M), Manufacturing ($550.100 M) and Construction ($411.996 M)
(ABS June 2019 Gross State Product)
“Clermont generates an estimated $2.043 billion in output which accounts for 10.9% of the total economic output for the Issac region. The industry sector with the largest contribution to economic output is mining with $1.519 billion accounting for 74.4% of output in Clermont” he said.
The Isaac Region is situated in Central Queensland, from the coast to the coalfields, Isaac is approximately 1000km north west of Brisbane and approximately 900km south of Cairns.
Alaban said, “The exciting part of this opportunity is that its countercyclical investment, the mining sector is now starting to witness both growth and expansion and therefore businesses in these regions are expected to fair reasonably well for the short-medium term”.
The region is made up of approximately 58,862 square kilometres and has a total population of 20,940, with an additional 10,000 resource workers per year.
Christian Tsalikis, Senior Executive – Hotels QLD Savills Australia said, the Grand Hotel Motel’s prominent position makes it a centrepiece of the town.
“The Hotel offers a diverse range of facilities providing a strong base of revenue”
“The yielding freehold opportunity will be suited to corporate groups, multi-venue operators as well as owner operators” he said.
Savills Hotels is pleased to present for sale the freehold going concern of the Grand Hotel Motel via an Expression of Interest process, closing 4pm Thursday, 10 September (if not sold prior).