Gladstone, Queensland

PRIME REAL ESTATE MOTEL PROPERTY WITH DA - 2787MF

FREEHOLD $2,880,000

Business Description

Key property features:

- 17 well-appointed motel rooms.

- Prime 5,000 m2 real estate property on the top of the hill.

- DA application for an additional 21 room motel complex.

- Ample off-street parking for motel guests.

- Rapid growth area with strong investment and industry.

- All buildings and property well maintained and presented.

- 2-bedroom residence with open plan lounge and kitchen.

- Opportunity for business growth.

- Outdoor pool and barbeque entertaining area.

A must see for all developers for the opportunity to secure this prime piece of Gladstone real estate. New owners can grow the current business while working through future development plans and expansions.

Situated at the top of town, overlooking Gladstone city and the bay, this Prime piece of real estate of 5,309 m2 is a must see for all developers. Currently operating as a 17-room motel with extensive room renovations carried out over the past three years. Additionally with a DA for an additional 21 rooms which could increase the motel size to 38 rooms in total.

The property features 17 well-appointed rooms with all amenities, swimming pool, barbeque area with ample off-street parking for all vehicles. An excellent residence with two bedrooms, lounge and two bathrooms.

The property of 5,309 m2 has three main buildings, single and double story. Situated at the top of the hill providing panoramic views across Gladstone and the ocean. Endless opportunities are available to expand or develop the site. You could expand the current motel size (DA application provided) to a 38-room motel or convert the site to a multi-unit development. Or land bank now for the future.

The business has traded well through the tough COVID period, with consistent revenue from long term guests. Now there is an opportunity to revert back to a nightly accommodation motel and reap the benefits of Gladstones recent uplift in accommodation demand and occupancy, which is to continue into the future.

Gladstone is having a mini boom again, with accommodation demands at all-time highs. New planned developments and projects have seen large scale activities in the city. Along with the increase in movement through the port, Gladstone business and economy is on the rise.

This property provides a great opportunity for the purchaser to invest in a solid piece of prime real estate, with the opportunity to create a successful business while working on future developments.

Net Profit: $240,000 projected for 2022/23

Contact Richard O'Connell from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2787MF (quote when enquiring)

Property Code: 4598

Business Summary

Marketing Agent
Richard O'Connell
Richard O'Connell

Key Investment Insights

1. Prime real estate property with a 5,000 m2 lot and panoramic views of Gladstone city and the ocean.
2. DA application for an additional 21 room motel complex, potentially increasing the motel size to 38 rooms.
3. Well-maintained and presented property with 17 well-appointed motel rooms and a 2-bedroom residence.
4. Ample off-street parking for motel guests.
5. Opportunity for business growth and potential for future development.
6. Located in a rapidly growing area with strong investment and industry.
7. Consistent revenue from long-term guests during the COVID period.
8. Potential to revert back to nightly accommodation and benefit from Gladstone's recent uplift in demand and occupancy.
9. Net profit projected at $240,000 for 2022/23.
10. Close proximity to the port and other planned developments in Gladstone, indicating a strong economy and potential for future growth.
Listing location

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Motels For Sale

You may also like

Charming Historic Motel, Three Wings of Modern Rooms - 1183ML
Stunning Historic Freehold Opportunity - 2858MF
Huge Vendors terms, on the biggest park in Lakes Entrance
ICONIC HOLIDAY COMPLEX - RAINBOW BAY - $677 NET
Acquire a highly sought-after Freehold Investment Motel - Recently renovated | Resort Brokers ID : INV008402
Unparalleled Experience, A Once-in-a-Lifetime Opportunity - 2824ML
Modern Profile Caravan Park And Resort For Sale - 2625MF
Iconic Leasehold Hotel - 1P6236
7BR Home Where Exceptional Living Meets Coastal Beauty
The Sweet Life Of Country, A Stone's Throw To Greater Melbourne - 2849MF
Unlock Your Dream - Hervey Bay Beachfront Ownership Awaits
$50 K Price Drop & Easy Part Time Income - ID 9115
Iconic Hotel in Stunning Location - 1P6187
FREEHOLD Backpackers in Brisbane
Freehold Investment Opportunity Sale by Private Treaty
SE QLD Premier Permanent Management Rights
Waterfront CBD Location in Townsville - 30 Years on Lease
Exclusive - Two Adjacent Luxury Permanent Management Rights Complexes for Sale - ID 9174