Sovereign Hotel
About this opportunity
Are you looking to invest in the heart of Townsville's bustling business district? Look no further than the iconic Sovereign Hotel located on Flinders Street. This two-story property with a rich history offers a lucrative investment opportunity for savvy investors and developers alike!
Business Story
The Sovereign Hotel is a historic building in the Townsville region. Located in the CBD Gateway Precinct, this excellent investment opportunity can be set up in an endless number of ways to maximise return on investment, whether that be for an owner occupier to take advantage of the future development of the area or an investor looking for an excellent return as the area develops further.
With approximately 598sqm of ground floor space equipped with a kitchen and restaurant seating, there is potential here for a restaurant or pub-style set up. The fully operational main bar is the primary feature along with a stage and dancefloor with lighting equipment that is perfect for events or opening a nightclub. This primary floor flows out into an outdoor, undercover beer garden. The first floor comes in at approximately 513sqm with furnished, airconditioned rooms in a mix of single and double beds. Additionally, there is a manager’s residence with a rear deck, a kitchen, bathroom amenities and a full length, covered front verandah. The premises is also equipped with a fire sprinkler system and a 15kw solar system. Also included with the hotel premises is a liquor licence which gives the holder the freedom to cater and sell alcohol off-premises should the need arise.
This property is loaded with features which can be taken advantage of through many configurations from accommodation and restaurants through to reigniting its history as a nightclub. Due to its location in the Drink Safe Precinct, it is possible to extend the liquor licence to 3am giving you the ability to serve those late-night patrons. With two main street frontages on both Sturt Street and Flinders Street, this property presents an incredible opportunity in a priority CBD development area which is just a stone’s throw from the principal centre (CBD) and Queensland Country Bank Stadium.
If this excellent investment in Townsville’s future growth interests you, give us a call today, or click on enquire now!
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Denny has a long career in all forms of business including Corporate Management with International and National FMCG organizations, with vast experience in the fields of Operational Management, Sales and Marketing Management, Franchise Business Management to Small Business Owner / Operator of Motels, Courier and Supermarket businesses.
In 2007 Denny saw the need for a good communicator with a strong understanding of business operation to offer a Business Broking service second to none. Denny's combined experienced gained over many years in the Corporate world and small business ownership has taken Business Brokering to new heights with with the Business Sales Group that includes NQ Business Sales, CQ Business Sales FNQ Business Sales and SEQ Business Sales, a very automated business utilizing technology to gain reach with unprecedented response in offers, time and product in the most professional manner.
Denny's focus is to satisfy Sellers and Buyers during transactions to deliver only good outcomes. In addition to this grow the business base and maximize the use of latest technologies to deliver a quality product.
Phil started his working career in purchasing with large and multi-national companies in Sydney.
A family relocation to Bowen in 1974 was the catalyst to owning his own business.
Phil has been in various businesses from Pest Control to Delicatessen/Takeaway and has for the last 39 years built a wholesale business that has served Bowen, Whitsundays, Mackay and the Coalfields, from 1 truck and himself to 6 trucks and 15 employees.
This has given Phil a very solid knowledge of the area from Bowen to Rockhampton and what it takes to thrive in business there.
Phil has a strong knowledge of business and business practices built through the process of growing his own business as well as time spent on State Franchise Council and dealing with the many changing government policies in those 39 years.
The process of selling his own business has shown Phil the real need for a locally based business broker, easily contacted and heavily focused on the Central Queensland area, which has led to his involvement in CQ Business Brokers.