Popular Townsville pub goes to market

Oonoonba Hotel – a popular pub in Townsville -- has been listed for sale and is expected to attract investors looking for a slice of Queensland’s hospitality industry.

Located in the CBD area, the hotel at 78 Abbot Street comprises a beer garden, a TAB and gaming area, lounge bar and bistro, and eight motel units.

It is being sold through an expressions of interest campaign managed by CBRE Hotels’ Paul Fraser and Glenn Price along with Power Jeffrey & Co’s Peter Power and Andy Nason.

Fraser said the sale would capitalise on the strength of Townsville’s economy.

“Townsville is positioned for major economic growth over the coming years, with more infrastructure projects mooted than in any other regional Queensland city," Fraser said.

Projects slated for Townsville include a new port, a multimillion-dollar airport upgrade and the $250 million Townsville Stadium.

“Ideally the hotel would suit a hands on owner-operator or smaller hotel group. Its practical layout provides for efficiencies in staffing and overall ease of operation," said Power.