FOR SALE
$1,000,000 + GST if Applicable

196 Mary Street
Gympie QLD 4570

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 480m2
Land area: 607m2
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ICONIC HOTEL IN CENTRAL GYMPIE

Tom Grady Real Estate is privileged to offer for sale the Empire Hotel located at 196 Mary Street, Gympie.
The building currently known as the Empire Hotel started life as the Newmarket Hotel and was rebuilt as the Miners Arms in 1872.
The name changed around the First World War to the current Empire Hotel, and the building has remained almost unchanged since that time.
Situated on a 607 m2 block, the hotel includes a main bar fronting Mary Street, an internal bar servicing the dining area and rear deck, and an equipped commercial kitchen. Furnished accommodation facilities include three double rooms and one single room, all set for short or long term customers with communal kitchen and bathroom facilities.
The top floor also includes living quarters for an onsite manager including a kitchen, living area, two bedrooms, office area and bathroom. There is also a parking area at the rear of the Hotel.
The Empire has not been fully functional since the February 2022 floods, with some works done to re-open the main bar area for a short time in early 2022. Renovations will be required to bring the Empire back to full operational condition.
The Empire presents an opportunity for its next owner to restore this popular Hotel to its previous operational standard, or to consider renovating to extend the accommodation or dining / entertainment facilities.
The Empire Hotel is listed for sale on a walk in / walk out basis at $1,000,000 plus GST if applicable.
We do not accept responsibility for the accuracy of any information. Interested parties should make their own enquiries in order to determine the accuracy of this information. Intending purchasers should seek legal and accounting advice before entering into any contract of sale.

Property Details for 196 Mary St, Gympie

Building Type
Commercial
Floor Size
480m2
Land Size
607m2

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About Gympie 4570

The size of Gympie is approximately 15.2 square kilometres. It has 32 parks covering nearly 13.9% of total area. The population of Gympie in 2011 was 10,156 people. By 2016 the population was 10,787 showing a population growth of 6.2% in the area during that time. The predominant age group in Gympie is 0-9 years. Households in Gympie are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Gympie work in a labourer occupation. In 2011, 57.8% of the homes in Gympie were owner-occupied compared with 54.1% in 2016.

Gympie has 6,433 properties. Over the last 5 years, Houses in Gympie have seen a 104.56% increase in median value, while Units have seen a 37.24% increase. As at 31 August 2024:

  • The median value for Houses in Gympie is $521,757 while the median value for Units is $387,969.
  • Houses have a median rent of $495 while Units have a median rent of $335.
There are currently 77 properties listed for sale, and 27 properties listed for rent in Gympie on OnTheHouse. According to CoreLogic's data, 394 properties were sold in the past 12 months in Gympie.

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