48 Grace Street, Herberton, QLD 4887 | Commercial for sale | OnTheHouse
 
FOR SALE
$1,200,000

48 Grace Street
Herberton QLD 4887

Bedrooms: -
Bathrooms: -
Car spaces: 20
Floor area: 450m2
Land area: 2024m2
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The Royal Hotel - Herberton

Freehold | Est. 1880 | Iconic Tablelands Opportunity
The Royal Hotel Herberton presents a rare chance to secure a true piece of Tablelands history, offered as a freehold going concern and not heritage listed, allowing flexibility for future improvements.
Established in 1880, this is the oldest continuously operating hotel on the Atherton Tablelands, positioned in the historic township of Herberton, approximately 2 hours from Cairns. Set across three titles totalling approximately 2,024m², the property offers a well-established hospitality operation with multiple income streams and clear potential for further growth.
Downstairs features a well-established pub and dining setup, centred around a traditional main bar and complemented by a lounge bar and fully operational bottleshop. The venue offers multiple hospitality zones, including a dedicated dining and billiard room and a bistro capable of seating 60+ guests, supporting both casual meals and group functions.
A fully equipped commercial kitchen services the restaurant, while the expansive beer garden - complete with a custom smoker BBQ and firepit - creates a relaxed, high-capacity outdoor dining and entertainment space. The addition of a designated food truck area further enhances the venue's ability to host events and diversify its food offering.
Upstairs, the hotel retains its original character and currently comprises 11 guest rooms, shared bathroom facilities, a guest kitchen and utility areas, along with an extensive balcony. This level presents a strong opportunity for refurbishment and repositioning into boutique-style accommodation.
A separate, self-contained residence at the rear of the property includes three bedrooms, living area, kitchen and bathroom, providing a practical setup for owner-operators or on-site management.
The Royal Hotel offers a solid foundation with immediate income, while also presenting clear upside through modernisation and improved utilisation of the accommodation component. With a known shortage of quality short-stay accommodation in the region, there is strong potential to enhance the upstairs rooms into a boutique offering, while continuing to build on the existing food and beverage trade.
Herberton continues to experience steady growth, with increasing visitor numbers driving demand for quality hospitality and local services. The township is anchored by several well-known tourist attractions, including the Historic Village Herberton, Queensland's largest open-air museum, the Herberton Mining Museum, recognised as the birthplace of tin mining in North Queensland, the unique Spy Camera Museum, and the Atherton-Herberton Historic Railway, offering restored steam train journeys through scenic bushland.
These established attractions consistently draw tourists into the region, creating a reliable flow of patrons for local businesses.
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Property Details for 48 Grace St, Herberton

Building Type
Commercial
Year Built
1880
Floor Size
450m2
Land Size
2024m2
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About Herberton 4887

The size of Herberton is approximately 23.3 square kilometres. The population of Herberton in 2016 was 855 people. By 2021 the population was 895 showing a population growth of 4.7% in the area during that time. The predominant age group in Herberton is 10-19 years. Households in Herberton are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Herberton work in a community and personal service occupation.In 2021, 73.10% of the homes in Herberton were owner-occupied compared with 67.30% in 2016.

Herberton has 530 properties. Over the last 5 years, Houses in Herberton have seen a 101.16% increase in median value, while Units have seen a -43.08% decrease. As at 31 May 2026:

  • The median value for Houses in Herberton is $448,619 while the median value for Units is $412,195.
  • Houses have a median rent of $280.
There are currently 4 properties listed for sale, and no properties listed for rent in Herberton on OnTheHouse. According to Cotality's data, 10 properties were sold in the past 12 months in Herberton.

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Jack Krasnoff
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Raine & Horne Atherton
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