Only pub in Rainbow Beach sold as the town reaches new tourism benchmarks9 March 2023
Rainbow Beach’s only pub, the Rainbow Beach Hotel, has been sold by leading agency Savills.
Rainbow Beach is an emerging coastal community and acts as a major entry point to the 41,000 hectare Cooloola National Park. It is also the southern gateway to the World Heritage listed Fraser Island, which attracts some 500,000 visitors per year and is accessible via a 10-minute barge.
The asset is located 205km from Bundaberg, 73km from Gympie and 100km north of renowned Noosa.
Leon Alaban, National Director – Savills Hotels said, “The high demand for coastal pubs continue, away from the hustle and bustle of city life Rainbow Beach offers visitors the ideal location to relax and unwind.
“Originally opening in the late 1970s, the Rainbow Beach Hotel is now one of the towns must-visits.
“Like many regional beach townships, Rainbow Beach’s appeal is its lack of glitz, laid back hospitality and pristine beaches.”
The newly redesigned pub is a stunning ‘Queensland’ style building, modelled after a traditional country pub with wide timber verandas, double hung windows, plantation style fans & french doors.
“The existing pub formed part of the massive development in 2007, in a bid to keep up with the town’s trajectory of growth and popularity as a holiday destination”, said Mr Alaban.
Tony Bargwanna, National Director – Savills Hotels said, “The pub has further trade growth potential through the development approval of the upper floor level to transform the existing space into 15 short term accommodation units.”
The Rainbow Beach Hotel is renowned by local patrons and tourists visiting the region and incorporates: a main bar, bistro, function room, beer garden, gaming (10 EGMs), two (2) detached bottleshops, TAB and Keno.