Savills News

PRIME NORTH QUEENSLAND COASTAL PUB PRESENTED TO MARKET

Savills Australia and New Zealand are delighted to present the Freehold Going Concern of the iconic Larrikin Hotel to market, available by way of an Expression of Interest campaign closing Wednesday 15th October at 4:00pm AEDST.

Strategically located at 69 Herbert Street, Bowen, the Larrikin Hotel occupies a prominent 1,609sqm* corner site with dual frontage to Herbert and Powell Streets.

Bowen is a picturesque coastal town in the Whitsunday Region of North Queensland, nestled between Mackay and Townsville, approximately 1,100km north of Brisbane and 700km south of Cairns. The region is a gateway to the world-renowned Whitsunday Islands, situated just 80km southeast of the hotel.

Affectionately known as “The Larrikin,” the hotel is a beloved local institution and has remained under the same ownership for over two decades. It offers a relaxed and welcoming atmosphere for both locals and visitors. Key features include: A well-appointed Public Bar with TAB and Keno facilities, Bistro and Beer Garden ideal for casual dining, Manager’s Residence, Accommodation rooms (currently not in use) and Gaming Room equipped with 12 electronic gaming machines, with approval for up to 18 machines.

The hotel is ideally positioned to benefit from the region’s thriving tourism sector. Bowen and its surrounds welcomed over 968,000 domestic and international visitors in 2024, according to Tourism Whitsundays. Nearby attractions include The Big Mango, Whitsunday Island, Hayman Island, Hamilton Island, Airlie Beach, Queens Beach, and Horseshoe Bay, all within a 100km radius.

Joseph Ganim, Senior Executive, Hotels at Savills Australia and New Zealand said, “The Bowen and Whitsundays region continues to attract strong investor interest, driven by sustained tourism growth and infrastructure investment across North Queensland.

“Freehold going concern hospitality assets in this tightly held region are increasingly scarce, making the offering of the Larrikin Hotel an excellent opportunity. Its strategic location and long-standing presence in the community position it as a highly desirable acquisition for investors seeking exposure to one of Queensland’s most sought-after coastal destinations."

This offering presents a rare opportunity to acquire a tightly held asset in one of Queensland’s most celebrated coastal regions, supported by strong local industry and consistent tourism demand.

Leon Alaban, Head of Hotels at Savills Australia and New Zealand added, "The Larrikin Hotel presents a fantastic opportunity for either a new entrant to the pub market or an established group seeking a strategic addition to their portfolio. With clear value-add potential, it offers strong appeal to both seasoned operators and those looking to enter the industry."

The Freehold Going Concern of the Larrikin Hotel is being offered for sale by way of Expressions of Interest closing Wednesday 15th October 2025 at 4:00pm AEDST.

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