Grand Bundaberg Hotel, Bundaberg Australia Listed for Sale

Grand Bundaberg Hotel, Bundaberg Australia - Exterior
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  Grand Bundaberg Hotel, Bundaberg Australia

CBRE Hotels;

The historic Grand Hotel Bundaberg in the city’s CBD has been listed for sale via the mortgagee in possession amid a period of strong population growth.

CBRE Hotel’s Paul Fraser and Power Jeffrey & Co’s Andy Nason have been jointly appointed to manage the sale via an Expression of Interest campaign closing April 12 2023.

Situated on a 2,043sqm site, the hotel was built in 1885 and underwent a significant renovation program in 2021 with circa $1 million spent on upgrading the main bar, restaurant, function facilities and beer garden.

There are seven retail tenancies over 534sqm of space on the ground floor and a 27-room backpacker-style accommodation offering 90 beds on the first floor.

“We expect this campaign to generate interest from traditional hospitality operators, developers and long-term passive investors,” Mr Fraser said.

“The Grand Hotel provides an incoming buyer with the option to either operate the pub and backpackers as a going concern or to have leases put in place in addition to the vacant retail tenancies, essentially becoming a passive investment.”

Mr Nason added, “Bundaberg, as one of Queensland’s key regional hubs, has a gross regional product of over $4.5 billion and a population expanding past 100,000,”

“The city is undergoing a period of strong population growth and economic expansion, there is currently $4.2 billion in investment committed to various infrastructure projects that are either in planning, under construction or recently completed.” 


About Mary Weyand 11096 Articles
Mary founded Scoop Tour with an aim to bring relevant and unaltered news to the general public with a specific view point for each story catered by the team. She is a proficient journalist who holds a reputable portfolio with proficiency in content analysis and research. With ample knowledge about the Automobile industry, she also contributes her knowledge for the Automobile section of the website.

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