Foreigners keen on barracks bid
IT'S with reluctance Rolleston's Michael and Sharon Wagner are looking to offload Rockhampton's Archer St Army Barracks.
Michael said last year's floods and issues surrounding proposed mining developments on their three properties across Central Queensland had forced a shift in business focus.
The Archer St site is ready to go for a major development with approvals in place for a five-star, military-themed hotel development.
The site is being marketed for sale around the $6 million mark.
Michael said so far more interest had come from overseas than locally.
"We're still very much looking to see that the hotel proposal goes ahead," Mike said.
He said one interested party was currently crunching the numbers.
"We're disappointed because we really wanted to do this project ourselves," Michael said.
"Rockhampton is ready for a project like this."
The pair, who also own the Central Park Motel in Rockhampton, bought the land at auction for $1 million in 2007.
The 1.13 hectare site houses the CQ Military Museum.
The plan is to integrate the heritage buildings, including a drill hall and rifle range, into the themed luxury complex.
The Bulletin has previously reported key features of the four-level development which include a 115-unit motel, a restaurant seating up to 350 people, an aquatic centre, day spa and a convention centre.
The development project would cost about $25 million to come to fruition.