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

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.
Listing location

This Business is sold

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Motels For Sale

You may also like

Leasehold investment opportunity offering untapped potential in Maryborough | Resort Brokers ID : LH007914
ResortBrokers
Leasehold investment opportunity offering...

MARYBOROUGH

$895,000

Restaurant Facilities: -
Liquor Licence: -
Restaurant: -

Mitchell Motel  Freehold Going Concern Motel & Cabin Park
Off Market Group
Mitchell Motel Freehold Going Concern...

ROMA

Restaurant Facilities: -
Liquor Licence: -
Restaurant: -

PURCHASE AT COST PRICE OR BUY INDIVIDUAL LOTS - 2612MF
Tourism Brokers
PURCHASE AT COST PRICE OR BUY INDIVIDUAL...

WANDOAN

PRICE SLASHED $800,000

Restaurant Facilities: -
Liquor Licence: -
Restaurant: -

Beachfront Leasehold Motel & Tourist Park
Lifestyle Park in Premium Gippsland Location - 1P4512
Two Mile Hotel Leasehold Sale
LARGE CORPORATE LEASEHOLD MOTEL! - 2304ML
BYRON BAY RESORT WITH RARE 20 YEAR AGREEMENTS | Resort Brokers ID : MR008046
Exclusive Dual Key Resort in Cairns Beaches
ResortBrokers offers an exclusive high-yield investment Motel in Central QLD | Resort Brokers ID : INV008036
Profitable, low-maintenance Management Rights business in Cairns CBD | Resort Brokers ID : MR008041
Outstanding Short-Stay Opportunity - Huge $495k+ Net Profit at 4.4x Multiplier  | Resort Brokers ID : MR008042
BOUTIQUE FREEHOLD - TRIFECTA OF BUSINESSES WITH HUGE POTENTIAL FOR EXPANSION | Resort Brokers ID : FH008029
SOLID MR BUSINESS AT A MULTIPLIER OF 2.3x NET PROFIT IN EXCESS OF $200K | Resort Brokers ID : MR008032
1st time to market in over a decade freehold motel in Hamilton, VIC | Resort Brokers ID : FH007999
Super High Return $315,000 – ID 9116
Freehold Going Concern of a large motel property in Parkes | Resort Brokers ID : FH007986
Profitable Backpacker for Sale in Greymouth
Amaroo Holiday Park - 1P5915
Birchip Motel & Caravan Park, VIC - 1P0347
5 hectare River Front Park offering brand new lease