Lucrative Mount Isa Hotel Motel for sale

26 September, 2018 by Craig Hawtin-Butcher

The Barkly Hotel Motel offers prime Mount Isa location

A freehold hotel with multiple revenue streams is now up for sale. The Barkly Hotel Motel is located adjacent to the mine at 55 Barkly Highway and within close proximity to Mount Isa airport.

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“The hotel strikes an imposing presence and is well positioned to service one of the most productive mines in the country, whilst being only minutes from the airport,” said Christian Tsalikis of marketing agents Savills, who are handling the sale.

Tsalikis said the Barkly attracts repeat business from locals as well as visitors to the area, due to its location.

The hotel features a public bar, sports bar, bistro, gaming room, and drive-through bottle shop, plus a gym that is leased to a third party, on a 1.35 hectare site.

The gaming room is equipped with 35 EGMs while the hotel also features TAB and Keno facilities, and can be accessed internally via the sports bar.

The Barkly has 44 accommodation rooms ranging from single to family sized, plus a manager’s flat.

Savills’ Director of Hotels, Leon Alaban, said Mount Isa is a strong regional centre with limited competition in the area.

“Venues such as the Barkly Hotel have traditionally been tightly held. This asset provides an incoming purchaser the ability to acquire a substantial property with significant cash flow,” Alaban said.

Mount Isa’s population is projected to almost double from 22,000 to 40,000 in the next 10 to 20 years.

Expressions of Interest close at 4pm on Wednesday 17 October 2018.