Millmerran’s Rams Head Hotel near Toowoomba hits market through SGW Hotel Broker
A small town pub has attracted the interest of potential buyers, after it hit the market for offers upwards of $2m. Here’s what you get with the deal.
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One of the Darling Downs’ oldest pubs has hit the market with a price tag upwards of $2m, and interest has already been strong.
Experienced hotel broker Scott Williams has listed the Rams Head Hotel in Millmerran for sale, with its current owners planning to divest after eight years in operation.
The 800sq m pub has been renovated on the ground floor and also sports 10 motel rooms and manager’s residence on the top-floor.
Mr Williams, who helped handle the sale of the Shamrock Hotel in Toowoomba last year, said the Rams Head would suit an owner-occupier looking to invest money into the top floor.
“It’s a great old pub, 10 rooms, bathrooms and two-bedroom manager’s residence which covers the top floor,” he said.
“It’s got a beautiful paved beer garden at the back, old corner bar they used in the early 1900s.
“It’s a really cool, beautiful old country pub that overlooks the parks in town.
“It probably needs renovations upstairs only, downstairs is done.
“It needs someone with some imagination and a decent builder, to create some really nice historical bedroom looks.”
Mr Williams said interest had been strong so far, believing a deal could be struck within weeks.
“I reckon I’ve had 10 inquiries — surprisingly, we’re getting a lot of city people looking for a treechange,” he said.
“Anyone with imagination who does accommodation, when you walk through it you’ll know what needs to be done.”