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.
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.