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 performance.
2. Located in 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%.
5. Nine room motel with a mix of queen, twin, and family rooms.
6. Potential for further development and improvement due to good bones.
7. Ample on-site parking provided.
8. Presented to the market for the first time in fifteen years.
9. Current owner has been operating the motel for fifteen years.
10. Motel has served the current owner well.
11. Building is a workhorse with potential for growth.
12. Exclusive listing with CRE Brokers.
13. 32-year-old motel with a long-standing reputation in the area.
14. Strong investment opportunity in a popular location.
15. Proximity to Clifford Park Racecourse adds to the appeal for guests.
16. Potential for increased revenue through marketing and advertising efforts.
17. Well-maintained property with good potential for future growth.
18. Opportunity for new owner to put their own stamp on the business.
19. Ideal for an owner-operator or as a passive investment.
20. Rare opportunity to acquire a freehold investment motel in a sought-after location.
