The Freehold Going Concern of a multifaceted Mount Isa Hotel Motel is being offered to market, with buyers expected to jump at the strategically located asset.

The Barkly Hotel Motel, located adjacent to the mine at 55 Barkly Highway, is being exclusively offered for sale via marketing agents Leon Alaban and Christian Tsalikis of Savills Hotels.

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

“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,” Mr Tsalikis said.

The Hotel features a public bar, sports bar, bistro, gaming room, and drive thru bottle shop, plus a gym that is leased to a third party.

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

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

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,” Mr Alaban said.

The Hotel is situated on a 1.35 hectare site, located ideally within close proximity to the Mount Isa airport, and is subject to high vehicular exposure.

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

Mr Tsalikis said the business should continue to grow whilst the population increases at a strong rate.

“The Barkly Hotel Motel has the land size and facilities to capture a portion of the trade gained by the expected population growth.”

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