OFF MARKET

61 Targo Street
Bundaberg Central QLD 4670

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1518m2
Land area: 1518m2
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Property Details for 61 Targo St, Bundaberg Central

Building Type
Commercial
Floor Size
1518m2
Land Size
1518m2
Local Government
Bundaberg Regional
Lot/Plan
12/SP251470

Last Listing description (July 2014)

QUEENSLANDER HOTEL
The hotel located just off the main street in Targo St, Bundaberg is an outstanding business opportunity as the hotel has been completely renovated during the past twelve months and as it was a great business before the upgrades it is now ready to become the number one hotel in the area with many profit centres and a upgraded facilities to attract patrons.
The hotel has been closed for renovations for 9 months and has recently reopened with the following areas ready for trade.

Amenities
* New gaming room & bar
* New night club & bar
* Renovated public bar
* 50 bed licensed backpackers accommodation upstairs
* Refurbished beer garden & large entertainment area
* New kitchen facility
* New windows to the exterior of the hotel and paint
Figures supplied by the vendor for the period prior to the renovations show excellent returns and the hotel is now in better condition than previously and is more appealing to the customers.
In the figures that are provided for the period before the renovation there was no accommodation or food figures because these areas did not exist but are now provided for so only an estimate can be established to forecast these into the budget.
Financials
The hotel can provide three years of financial statements up until the closure for renovations with the last statement showing a net profit of $603,218 for the year ended June 2011. Therefore with the new facilities and upgraded services the hotels bottom line could be assumed to be better.

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Property History for 61 Targo St, Bundaberg Central, QLD 4670

A timeline of how this property has performed in the market
Last Sold
$2,242,500
25 Aug 2021
  • 25 Aug 2021
    Sold for $2,242,500
  • 27 Mar 2014
    Listed for Sale $4,500,000

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About Bundaberg Central 4670

The size of Bundaberg Central is approximately 1.3 square kilometres. It has 6 parks covering nearly 4.4% of total area. The population of Bundaberg Central in 2011 was 225 people. By 2016 the population was 316 showing a population growth of 40.4% in the area during that time. The predominant age group in Bundaberg Central is 20-29 years. Households in Bundaberg Central are primarily childless couples and are likely to be repaying $1600 - $1800 per month on mortgage repayments. In general, people in Bundaberg Central work in a labourer occupation. In 2011, 46% of the homes in Bundaberg Central were owner-occupied compared with 30% in 2016..

Bundaberg Central has 501 properties. Over the last 5 years, Houses in Bundaberg Central have seen a 123.11% increase in median value, while Units have seen a 28.40% increase. As at 31 December 2024:

  • The median value for Houses in Bundaberg Central is $428,371 while the median value for Units is $351,286.
There are currently 4 properties listed for sale, and 2 properties listed for rent in Bundaberg central on OnTheHouse. According to CoreLogic's data, 14 properties were sold in the past 12 months in Bundaberg central.

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