Federal Palace Hotel, Richmond QLD

Property Address

64 Goldring Street
Richmond QLD 4822

Property Description

The Federal Palace Hotel is a historic freehold hotel, pub and accommodation business located in the centre of Richmond, Northwest Queensland. Occupying a prominent 2,023sqm corner site in the town’s main commercial precinct, the property has been a key hospitality venue serving locals, tourists, transport operators, mining contractors and agricultural businesses for over 100 years.

Key Property Details

• Address: 64 Goldring Street, Richmond QLD 4822
• Freehold land area: 2,023sqm
• Tenure: Freehold
• Zoning/Use: Hotel / Tavern
• Two-storey historic hotel building
• Approx. 12 guest rooms plus additional staff accommodation
• Restaurant, commercial kitchen and large bar
• Beer garden and cold rooms
• On-site parking
• Strong corner position in Richmond CBD

Accommodation

The hotel offers approximately 12 guest rooms comprising:

• 1 Family Room
• 1 Queen Room
• 8 Double Rooms
• 2 Single Rooms

Guest facilities include:

• Air-conditioned rooms
• Shared kitchenette
• Laundry facilities
• Shared bathrooms and showers
• Complimentary tea and coffee facilities 

Business Features

Multiple income streams from:

• Bar operations
• Restaurant and food sales
• Accommodation
• Retail liquor sales
• Functions and community events

Additional features:

• Licensed kitchen
• Takeaway liquor licence
• Beer on tap
• Foxtel
• Nightly meal specials
• Catering permit opportunities
• Established local customer base

Location

Richmond is located approximately:

• 498km west of Townsville
• 364km west of Charters Towers
• 407km east of Mount Isa

The town is recognised as Queensland’s “Fossil Capital” and attracts visitors year-round through attractions such as Kronosaurus Korner Museum, while also servicing the surrounding grazing, transport and resources sectors.

Investment Highlights

✅ Freehold hotel and business opportunity
✅ Landmark regional hospitality asset
✅ Diversified income streams
✅ Prime 2,023sqm corner allotment
✅ Strong local reputation and trading history
✅ Accommodation, food & beverage and liquor revenue
✅ Exposure to growing Outback Queensland tourism market
✅ Potential to increase revenue through accommodation upgrades and tourism partnerships
✅ Strategic position on major Northwest Queensland transport route

Disclaimer: The above report has been prepared by Slaney & Co based on information supplied by the property owner and other credible sources. Every endeavour has been made to verify its accuracy. Whilst we trust the information to be correct, we make no warranties or guarantees and prospective purchasers must rely on their own enquiries & research. © Copyright Slaney & Co