63 Turbot Street, Brisbane City, Queensland

Landmark Boutique Hotel Refurbishment Opportunity!

EOI by 13 April 2023 at 4pm (unless sold prior)

Business Description

• 58 key budget freehold going concern hotel with vacant possession
• Prominent CBD position just minutes’ walk to the multi-billion dollar Queens Wharf development and proposed Brisbane Live precinct
• 100/100 Tripadvisor location rating
• Strong recent trade with high occupancy levels and efficient operating model
• Prime for a boutique hotel makeover or re-position to a variety of alternate uses*
• Capitalise on Brisbane’s strong hotel market conditions and it’s ‘Golden Decade’ in the lead up to the 2032 Olympic Games

*STCA

For Sale by Expressions of Interest - closing Thursday 13 April 2023 at 4pm (unless sold prior)

Business Summary

Marketing Agent
Gareth Closter
Gareth Closter

JLL Hotels & Hospitality Group

JLL Hotels & Hospitality Group

Key Investment Insights

1. Prime location in the heart of Brisbane's CBD, with close proximity to major developments and attractions such as Queens Wharf and Brisbane Live precinct.
2. Strong reputation and high rating on Tripadvisor, indicating a loyal customer base and potential for continued success.
3. Efficient operating model and high occupancy levels, providing a solid foundation for future growth.
4. Potential for a boutique hotel makeover or re-positioning to alternative uses, providing flexibility and potential for increased profitability.
5. Opportunity to capitalize on Brisbane's strong hotel market conditions and the upcoming 2032 Olympic Games.
6. Freehold property with vacant possession, providing full control and potential for future development.
7. Expressions of Interest closing in April 2023, providing ample time for interested buyers to conduct due diligence and make offers.
Listing location
Gallery

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