PROPERTY DESCRIPTION

 

Location: The Federal Palace Hotel is one of only 2 Hotel’s in the town of Richmond. Richmond is a growing community with a number of industries on the threshold of strong growth.  Richmond is halfway between Townsville and Mount Isa on the busy Flinders Highway, and has become a destination for many travellers and contractors as the town has excellent facilities, from a 24 Hour Roadhouse with 34 Motel
rooms, an award winning caravan park, high quality accommodation, tourist attractions with Kronosaurus Korner, Lake Fred Tritton recreational lake and a growing Industrial area. The Shire is supported by cattle and farming, with mining of Gold and Vanadium underway in the area. Set on a large block of 2023 sqm, there is potential to expand with outdoor dining and units in the area. U shaped bar area, 2 x 40 seat dining room/bistro areas, 16 accommodation rooms upstairs, 3 staff rooms and a 2 bedroom Managers area.

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Positioned right in the middle of town, this Hotel has all the old charm of a country pub, and many tourists and locals enjoy the hospitality, and home style meals that are provided. The large verandah upstairs has potential for private functions, and great  views to the Flinders River and over town. Financials will be provided to a serious buyer, on the signing of a Confidential agreement.

 

This property is priced to sell.

 

Price on Application