Newtown, Queensland

UNDER CONTRACT. Overlooking Clifford Park Racecourse in Toowoomba - 1P4781M

SOLD

Business Description

EXCLUSIVE TO CRE BROKERS. Freehold Investment Motel presented to the market for the first time in fifteen years. Having served the current owner well, this thirty-two year old Motel has a consistent and strong investment performance.

Located in the Toowoomba suburb of Newtown and overlooking the Clifford Park Racecourse, this Motel is the first stop for out-of-town horse racing enthusiasts and boasts an occupancy that is the envy of similar Motels with the rate typically running at 85%.

A nine room motel with three Queen Rooms, four Twin Rooms three of which are located on the ground floor, one Twin Apartment and one Family Room. Ample on-site parking is provided and, with such good bones, this building is a workhorse with potential.

Business Summary

Marketing Agent

Peter Sagner

CRE Brokers

Key Investment Insights

1. Freehold investment motel with consistent and strong investment performance.
2. Located in the Toowoomba suburb of Newtown, overlooking Clifford Park Racecourse.
3. First stop for out-of-town horse racing enthusiasts.
4. Occupancy rate typically runs at 85%, higher than similar motels in the area.
5. Nine room motel with a mix of Queen, Twin, and Family rooms.
6. Ample on-site parking provided.
7. Potential for further development or improvements due to the building's good bones.
8. Exclusive to CRE Brokers, making it a unique opportunity.
9. First time on the market in fifteen years, showing the stability and success of the current ownership.
10. Located in a highly sought after area for tourists and visitors.
11. Strong potential for continued growth and success in the future.
12. Well-maintained and presented, with a loyal customer base.
13. Proximity to the racecourse provides a unique selling point for the motel.
14. Opportunity for new owners to put their own stamp on the business and make improvements.
15. Motel has been a successful and reliable investment for the current owner.