News

Gladstone's multi-million dollar pub attracts interstate buyers

Queens Hotel, Goondoon Street, Gladstone. Photo Brenda Strong / The Observer
Queens Hotel, Goondoon Street, Gladstone. Photo Brenda Strong / The Observer Brenda Strong

THE campaign to sell Gladstone's Queens Hotel and Sarina's Tandara Hotel Motel has been extended to this Friday

The sale, managed by CBRE Hotels, was extended after interstate buyers could not inspect the two hotels after Cyclone Debbie drenched Gladstone and ripped through Mackay.

CBRE Hotels Queensland director Paul Fraser said he had up to ten interested interstate buyers who were visiting the two sites this week.

Mr Fraser estimated the Queens Hotel could fetch up to $5 million, but said considering Gladstone's real estate market, the price "could be anyone's guess".

Current owners Queensland Town and Country Pubs are selling off all of its hotels, with the Queens Hotel and Sarina's Tandara Hotel the final two.

The extended expressions of interest campaign will allow interested buyers to visit both pubs this week.

It was originally due to close on April 12.

Topics:  gladstone property queens hotel



Wintry chill blasts Gladstone in coldest day of the year

It was a little bit chilly in Gladstone this morning.

Adani accuses Aurizon of 'stifling hope' in regional Qld

Aurizon says they can build a Galilee Basin coal line for $1bn less than Adani

Rail war breaks out between Adani and Aurizon

Local Partners

Anthony LaPaglia steps out with new fiancee

Screen legend Anthony LaPaglia has confirmed his engagement to his much younger girlfriend, Alexandra Henkel

Ronan Keating a dad for fourth time

Ronan Keating and Storm Keating.

Bouncing baby boy for Boyzone star

Lion King remake well under way

Seth Rogen.

More Lion King remake cast members revealed

Splendour auctions VIP passes for flood appeal

Crowd at Splendour in the Grass 2016.  Photo Marc Stapelberg / The Northern Star

Each pass will have a reserve price of $500

The pic that could cost Khloe Kardashian $200k

Khloe Kardashian has admitted she "loves" watching porn, but doesn't think her family are famous purely because of her sister Kim Kardashian West's sex tape.

Khloe Kardashian has been slapped with a $A200,750 lawsuit

Silence of the Lambs director Jonathan Demme dies

Director Jonathan Demme, 73, has died of cancer. He is pictured here attending the premiere of "Song One" in New York.

TRIBUTES have poured in for the Oscar-winning director.

Falling rents could spell doom for housing prices

What if I told you housing in Australia was getting cheaper?

Couple gets rich renovating run-down city homes

RENO RADICALS: Baden and Nelson Marino-Hall have turned three Toowoomba homes around for profit, saying the Garden City was a haven for renovators like themselves.

The couple has already turned around three homes

Townhouse pitch raises questions over 'high density'

BIG PLANS: Residents have a chance to offer their opinion on plans to build 42 townhouses at Raceview.

Developer plans 42 townhouses for Ipswich suburb

7 million dollar city homes for sale right now

3 Keira Court, Blue Mountain Heights.

Here are seven of Toowoomba's best, and most expensive, houses

'Raping and pillaging': Landlord's anger with nightmare cost

Chris Duane, who is chairman of the body corporate for Terralina Court, says insurance companies are charging too much for premiums.

BODY corporate boss unleashes on huge costs dumped on home owners.

Ready to SELL your property?

Post Your Ad Here!