PUB SALE: Country lifestyle comes with a $3.1m price tag
FOR the past four years Killarney resident Jan Moir held the title of Queensland's oldest publican but she is hoping to pass on the honour.
Mrs Moir has listed the Killarney Hotel for sale, along with the adjacent bottle shop, motel, chemist and horse paddock.
It is valued at $3.1 million.
Jan's daughter Anne runs the pub and said the family was downsizing to focus on its new project, the Rosenthal Homestead.
"We have finished the homestead and the squatter's cottage will be done in eight weeks,” Anne said.
"Mum will retire in the cottage and we'll run accommodation from the homestead.”
The pub has a new roof, new airconditioning system, recently renovated bathrooms and a fresh lick of paint.
CRE Brokers agent Michael Duffy is handling the sale.
At $3.1 million the pub could set a record for recent commercial sales, but Mr Duffy said it was worth every penny.
"You have the pokies in the pub that generate a solid income, you have the drive-through bottle shop, plus the motel next door, the chemist and all the land out the back so there is good potential to expand the motel,” he said.
"It is a based on a calculation taking into account turnover and expenses.”
While the pub has a dedicated group of regulars, Mr Duffy said the accommodation side of business was the real goldmine as Killarney was awash with labourers and contractors.
"There is a $10 million aged care facility under construction in the area and they are doing a $6 million upgrade to the Woodenbong Rd,” he said.
"Killarney is also very popular with four-wheel-drives, for horse trail riders and motorbikers.”
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