The ancient Grand Lodge Bundaberg within the town’s CBD has been indexed on the market by the use of the mortgagee in ownership amid a length of robust inhabitants enlargement.
CBRE Lodge’s Paul Fraser and Energy Jeffrey & Co’s Andy Nason were collectively appointed to regulate the sale by the use of an Expression of Hobby marketing campaign ultimate April 12 2023.
Positioned on a 2,043sqm website online, the lodge was once inbuilt 1885 and underwent a vital renovation program in 2021 with circa $1 million spent on upgrading the principle bar, eating place, serve as amenities and beer lawn.
There are seven retail tenancies over 534sqm of area at the flooring flooring and a 27-room backpacker-style lodging providing 90 beds at the first flooring.
“We predict this marketing campaign to generate pastime from conventional hospitality operators, builders and long-term passive buyers,” Mr Fraser mentioned.
“The Grand Lodge supplies an incoming purchaser with the method to both function the pub and backpackers as a going worry or to have rentals installed position along with the vacant retail tenancies, necessarily turning into a passive funding.”
Mr Nason added, “Bundaberg, as one in all Queensland’s key regional hubs, has a gross regional fabricated from over $4.5 billion and a inhabitants increasing previous 100,000,”
“The town is present process a length of robust inhabitants enlargement and financial growth, there’s recently $4.2 billion in funding dedicated to quite a lot of infrastructure initiatives which might be both in making plans, beneath building or just lately finished.”