Brisbane CBD fringe hotel up for sale through Savills

Brisbane CBD fringe hotel up for sale through Savills
Brisbane CBD fringe hotel up for sale through Savills

The Shafston Hotel, close to “The Gabba” and on Brisbane CBD fringe, is up for sale through Savills.

The “A Grade” 3 Lytton Road property is well known for its live entertainment and sporting events, and has 34 gaming machines.

The East Brisbane freehold hotel has a 4,222 sqm corner location and is close to the CBD with views of the city skyline.

Its history dates back to 1853. The hotel last changed hands for $8.4 million in 2005, according to CoreLogic data.

It has strong cash flows across all departments, says the description.

Brisbane CBD fringe hotel up for sale through Savills

The site is also suited for mid-scale apartment or hotel development subject to council approvals, according to marketing agents Leon Alaban and Sean Dollar of Savills.

The property is for sale by expressions of interest.

Tags: 
Brisbane Hotel Listing

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