News

Landmark hotel sells at auction

Gympie’s Historic Railway Hotel has sold at auction, delighting Harcourts Real Estate principal Nathan O’Neill.
Gympie’s Historic Railway Hotel has sold at auction, delighting Harcourts Real Estate principal Nathan O’Neill. Contributed

GYMPIE'S historic Railway Hotel was sold under the hammer for $360,000 last weekend.

Built in 1915, the hotel is a focal point of Gympie's emerging tourism industry, linked by proximity to the Mary Valley Heritage Railway and historic railway station.

Nathan O'Neill from Harcourts said last weekend's auction was attended by about 80 people, with 10 properties up for auction.

He said there were four bidders for the hotel, including a phone bidder from Fraser Coast, with the successful bidder being a local investor who bought it for $360,000. He said it was his belief the new owner was going to keep the hotel as a going concern.

"We had 15 registered bidders and sold four properties under the hammer. We are negotiating three others," he said.

"People are starting to gain more confidence in the market and there is the possibility of another interest rate decrease.

"The average price for our in-room auctions was $240,000 and that's now $388,000.

"The average time for a property to be on the market is 120 days but 85% of properties that we put under the hammer have sold in 50 days or less."

The hotel has outstanding north-easterly views towards Tin Can Bay and Rainbow Beach, also overlooking the state heritage-listed train station connected via the original platform footbridge.

The property features 12-room accommodation, a main bar, commercial kitchen, restaurant to seat 60 with potential to seat 120, manager's residence, beer garden and ample parking. One of the reasons it was heritage listed was its "high degree of integrity and intactness".

"It remains important in illustrating the principal characteristics of a large timber hotel of the early 20th century. Earlier gas light pipes and fittings remain to the upper and lower rear verandas," the heritage criteria explained.

"The hotel occupies a prominent and easily accessible position in relation to the former Gympie Railway Station and for decades has offered accommodation to rail travellers and the provision of drink and food for visitors and locals, and the construction of the new Railway Hotel in 1915-1916 is associated with a period of significant growth in Gympie, during which services and facilities at Gympie Railway Station and precinct were expanded, closely linked to the increasing economic importance of the district's dairy and fruit industries."

Gympie Times

Topics:  auction gympie property railway hotel



10 best street art spots to take an Insta selfie

IF YOU are in need of a few trendy new Instagram snaps, then get your phone and selfie-stick ready and head to Brisbane.

Theatre royalty graces Brisbane stage

Don't miss Charles Edwards in this incredible theatre performance.

WHEN acting royalty comes to town, you sit up and take notice.

Don’t go chasing waterfalls…find them on these drives!

The Scenic Rim is just one place nearby that you'll love.

BRISBANE isn’t all bright lights and city slickers.

Your boots are made for walking these tours

Brisbane Greeters tours are a great way to learn the local history of the city.

YOU don’t need a bike or bus for a seriously good tour of Brisbane.

Discover Brisbane’s laneway gems

Brisbane's laneways will surprise you.

NOT all of Brisbane City is as it seems…

Drink where the cool kids do this summer

There are a bunch of new bars open in Brisbane, make sure you're there!

CHECK out these new funky bars.

Science Festival seriously awesome

Don't miss the World Science Festival Brisbane!

CALLING everyone who wants to see something totally cool.

Grass fire close call for Southside homes, livestock

A CLOSE SHAVE: Henry Walker rescued his neighbour's horse from a grass fire at Danchia Court, Southside.

Resident Henry Walker rescued a panicky horse from a burning paddock

Pet shop horror: 'My guinea pig's foot fell off.'

GOODBYE: Ruby Tuesday was going to be sharing a cage with Captain Nutpeg, before she sadly passed away.

"Anyone handling that poor animal would have seen it.”

Local Partners

Gympie naturalist club weeds out feral plants

SINCE coming to live at Brooloo Allan and Dianne Pratt have devoted most of their time to removing and getting rid of a huge amount of feral plants.


Party Outback at the Kenilworth Hotel

PARTY OUTBACK: The Kenilworth Hotel aims to keep live music in pubs alive.

Kenilworth hosts live music

Kandanga hosts food and agribusiness forum

LOCALLY FRESH: A free food and agribusiness forum will be held in Kandanga this week.

Food and agribusiness forum to be held in Kandanga on Thursday

The true cause of the Oscars bungle

THE Oscars have ended with a moment that left everyone speechless — but not in a way anyone expected.

HUGE OSCARS FAIL: Wrong film handed Best Picture award

Presenter Warren Beatty shows the envelope with the actual winner for best picture as host Jimmy Kimmel, left, looks on at the Oscars on Sunday, Feb. 26, 2017, at the Dolby Theatre in Los Angeles. The winner was originally announced as La La Land, but was later corrected to Moonlight.

IN A monumental stuff-up, La La Land incorrectly named Best Picture.

Party Outback at the Kenilworth Hotel

PARTY OUTBACK: The Kenilworth Hotel aims to keep live music in pubs alive.

Kenilworth hosts live music

Blue Heelers' Ditch Davey joins 800 Words cast

Ditch Davey joins the cast of 800 Words as Terry, the younger brother of George, played by Erik Thomson.

George Turner's brother, Terry, arrives to Weld with a 'few demons'

Oscars winners 2017: Full list of Academy Award winners

Viola Davis accepts the award for best actress in a supporting role for Fences at the Oscars on Sunday, Feb. 26, 2017, at the Dolby Theatre in Los Angeles.

WHO won Oscars this year? Here’s a full list of every winner.

Why can’t Nicole Kidman clap properly?

Nicole Kidman's style of clapping has puzzled Oscars viewers.

FOR some reason, it seems Nicole doesn’t really know how to clap.

Muslim actor makes Oscars history

Mahershala Ali accepts the award for best actor in a supporting role for Moonlight at the Oscars on Sunday, Feb. 26, 2017, at the Dolby Theatre in Los Angeles.

MOONLIGHT star Mahershala Ali makes Academy Award history.

Mining homes dive: $600k homes sell for $120k-$300k

18 Yeates Street, Moranbah sold for $135,000 in December, after being repossessed by a bank. The owners bought for $545,000 in August, 2011.

The economy still has two speeds, but with a painful twist

Mackay's property market climbing like a Rocket Man

Renewed confidence in Mackay means more homes are being snapped up by those eager to plant their roots in the region.

There's movement in the real estate sector and it's all positive.

Agent: Mary Valley in 'happy place' after Imbil mega auction

Auctioneer Gordon Macdonald (left) with Ron Jeffery front the crowd in preparation to start Ron Jeffery's record largest auction.

Two sold, more in negotiations following Imbil mega auction.

'Why we drove 800km to buy a treehouse with a disco ball'

The new owners have planned a few updates, but will stick with much of the original design.

A couple travelled almost 800km for the home of their dreams.

The trick homeowners are using to buy more properties

Chantelle Subritzky leaves her home each week for Airbnb guests.

Queenslanders are going down this path to help pay their mortgages

Ready to SELL your property?

Post Your Ad Here!