Historic Norman Hotel to be sold for 40 million dollars
The historic Norman Hotel in Woolloongabba, Brisbane is available for $ 40 million. 102 Located on Ipswich Road, the hotel is part of the history of Brisbane.
The 130-year old Norman Hotel has been in Woolloongabba for many years. Formerly, the hotel building with the tramway carriages waiting in front of the new owner. The best feature of the hotel is the delicious steak that is known by the locals.
The hotel was designed by John Beauchamp Nicholson in 1889. The hotel first welcomed its customers in 1890.
In 1900 the hotel acquired the famous XXXX beer brand, Castlemaine Perkins. It was later purchased by the Power family at a price to be announced in 2015.
In 2009 the hotel was damaged due to a large fire. After the fire, the hotel underwent a renovation.
Pub section of the hotel is located on an area of 4167 square meters. The hotel is said to provide a profit of more than US $ 1.8 million over the annual gross rental. In addition, the hotel has an annual 3.5 percent increase in October.
Other facilities include a large beer garden, which is popular with its customers on the days of the bar, restaurant, study area, TAB and hot Brisbane days.
Sevdenur Demir / [email protected]