Historic Toowoomba establishment The Spotted Cow has been slated for auction on behalf of well-known Queensland hospitality owners Mick and Dianne Coorey.
CBRE Hotels agent Paul Fraser is steering the auction process in conjunction with Power Jeffery & Co agents Peter Power and Andy Nason.
Mr Fraser said; “The vendors are motivated to sell the property and are now running an auction process.”
Mr Coorey added; “After 23 years it’s time to retire and we are ready to pass on our beloved pub to new owners.”
The Spotted Cow occupies a commanding corner position on the main street of Toowoomba in an area set to benefit from significant new development projects.
“The property offers diversified income streams including bar, food, functions, entertainment and 20 gaming machines,” Mr Fraser said.
“Major development projects in the immediate proximity of the hotel include the recently completed Super Bunnings Warehouse and the Defiance Flour Mill site directly opposite, which is set to be the showpiece of Toowoomba’s planned “Mills Precinct”, incorporating commercial, retail, residential and entertainment space. We believe that these developments will substantial benefit The Spotted Cow.”
Power Jeffery & Co’s Peter Power added; “The sale provides an opportunity for an astute buyer to reposition a long-established pub with a proven trading history and take it to the next level.”
Toowoomba is Australia’s largest inland provincial city and the major regional service centre for the Darling Downs and Lockyer Valley farming and grazing industries as well as the Surat Basin coal mining region and extensive LNG operations and development projects.
The auction will be held on-site on 3 December at 11am.
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