220 Ruthven Street North Toowoomba QLD 4350

This is a rare opportunity to acquire a diversified, turnkey hospitality business/leasehold in one of Queensland’s most dynamic and growing regional cities. The Plate, The Paddock, and Liquor Legends together offer multiple established income streams across dining, retail liquor, and specialty food - delivering broad market appeal and significant potential for growth under new direction. The businesses are supported by a high-quality fit-out and infrastructure, with no immediate capital expenditure required, allowing a new operator to step in and build on the existing foundation.

Positioned on a landmark CBD site with high traffic exposure and over 50 onsite car parks, the venue is strategically placed to benefit from both local patronage and regional tourism. Secure the current leasehold through to 2026 plus 3 x 5-year options extending to 2041, this investment offers long-term security and flexibility. The existing Commercial Hotel Licence also presents scope for further development through the addition of gaming machines, TAB, and KENO, subject to approval. This is an exceptional chance to revitalise a well-established hospitality destination and unlock its full potential.

The site is fully equipped to support a high-performing hospitality precinct, with infrastructure that enhances operational efficiency and customer experience. The property includes a full commercial kitchen designed to Michelin-star standards, allowing for high-volume and high-quality food service across the restaurant and functions space. Staff are well-catered for with dedicated amenities, including a modern kitchen, break areas, and a fully fitted boardroom and office space, supporting both front-of-house and administrative operations.

Convenience and capacity are key, with over 50 on-site car parks available for customers and staff—a major asset in a busy CBD location. The property also includes a manager’s residence and short-term accommodation, offering flexibility for owner-operators or visiting staff. The walk-through cool rooms and high-end butcher fit-out ensure smooth logistics and premium presentation, there is a large production area with high quality butcher equipment (cryovac, sausage filler, 2 x smokers, dip tank, band saw, display fridges), large cold storage with hanging rails, dry-aging room, as well as a drive-through opportunity for the butcher as well. This integrates seamlessly with the restaurant and bottle shop. The drive-through bottle shop is designed for high traffic flow and ease of service.

The site benefits from a solar-integrated electricity setup and is connected with Shell Energy for efficient utility management. All of this is housed on a high-profile Ruthven Street frontage, offering excellent visibility and access for patrons across all three businesses.

CURRENT LEASEHOLD INFORMATION
Lease Start: 2 November 2021
Lease End: 1 November 2026
Options: 3 x 5-year renewals (to 2041)
Licence Type: Commercial Hotel
Permits gaming, TAB & KENO (subject to approval)

For more information or to request a detailed Information Memorandum please contact Leon Carlile on 0418 795 484 to discuss this opportunity on a confidential basis.