For Sale

ICONIC GLADSTONE HOTEL

EOI closing 4pm, 16th May 2024

36 Mitchell Street, Stockton

Description

Dowling Commercial is proud to present For Sale by Expression of Interest, the historic Gladstone Hotel in Stockton.

With its character-rich street frontage, the Gladstone Hotel has held a special place in the hearts of many locals for generations. The property showcases significant heritage and eagerly awaits a rejuvenating refurbishment that will lovingly bring it back to its former glory while infusing modern flair.

The heritage-listed Gladstone Hotel was originally built and licensed in 1887 as the Lookout Hotel, leased in 1889 by Tooth & Co, and purchased outright in 1936 when it became known as the Gladstone Hotel and was demolished. The current building was designed by renowned architects Pitt and Merewether, constructed by Pitt & Co, and rebuilt by JE Parry as a modern addition to the progress of Stockton. It reopened in 1937.

Without a doubt, this building exudes historical charm, boasting Art Deco and Romanesque architecture, well maintained ornamental brick detailing and arch windows, authentic doors, sash windows, ornate light fixtures and original timber flooring. Sunlight gracefully filters through stained leadlight windows and chevron glass, accentuating the timeless features and meticulous attention to detail in the interior.

Outside, an L-shaped yard with a level lawn offers an ideal space for Sunday afternoon sessions, whilst a large concreted courtyard with a secure double-car garage is currently utilised for storage and secure off-street parking. Alternatively, subject to council approval, this entire outdoor space could undergo redevelopment to transform it into residential apartments.

The versatile licensed hotel presents the perfect foundation to bring your dream pub concept to life. The interior is boasting with heritage significance and includes a near-perfect remnant of the Gladstone's Pitt and Merewether design in the dining hall. Other internal features include a Saloon bar, public bar, lounge and dining extension, designated pool table area, a popular in-house Thai restaurant.

Throughout the years, the Gladstone Hotel has served multiple purposes for the community, providing function space and hosting community events and public meetings for political and electoral events, often held from the balcony. It also served as a place for coronial inquests. Today, there is ample opportunity to continue to create the ultimate venue for social gatherings, events and live music.

The upper floor is primarily made up of guest accommodation all very much in original condition. The nine bedroom, two bathrooms and a generously sized self-contained apartment add to the property's rental potential.

This is truly a rare opportunity to acquire a charming and historic Hotel well situated in the heart of the Stockton Commercial Centre and only a short walk to the ferry terminal taking you across to Newcastle’s Central Business District.

Offered For Sale by Expression of Interest closing 4pm, Thursday 16th May 2024.