Red Hill’s Legendary Normanby Hotel Up for Sale

Photo credit: Venues 2 Events

For the first time in 15 years, the iconic Normanby Hotel in Red Hill is up for sale.

Built in 1890, Normanby Hotel used to be a popular spot for locals thirsty for a cold beer. It was listed as a heritage place in 1992 for its cultural and aesthetic significance.

Although the official listing hasn’t hit the market yet, potential buyers are already signifying interest. The property is attracting strong interest thanks to its underlying value and development potential.

Sellers are expecting the price to hit $20 million.

The hotel sits on a 3,655-square-metre site with a vast car park and the multi-level heritage listed pub. It currently has 35 gaming machines, which substantially add value to the property.

To add to that, the hotel is situated in a prime location at the Normanby Fiveways. The huge land where it sits also makes it a valuable asset for developments in the future.

Tower Ad

Normanby Hotel was also popular for one of Brisbane’s popular trees, the 100-year-old fig tree, which was removed in 2016 after a storm blew it over.

In 2003, the hotel went through a major renovation and it hasn’t changed since then.

Back in 2016, the hotel submitted an application to the Brisbane City Council to build a 15-storey building along with an underground nightclub next to the hotel. However, the application was rejected due to the height and size of the proposed hotel tower.

Michale Dempsey and Otto Wilhelm, who co-own the hotel since 1999, said that they are selling the hotel to concentrate on Mr Dempsey’s core business.

CBRE Hotels Queensland director Paul Fraser and national director Daniel Dragicevich are handling the sale of the property. They are marketing the property via an Expression of Interest (EOI) campaign.

The EOI process will run until Thursday 5th April 2018 at 2:00 p.m. (AEST).