This Investment Motel Is A Gift - 1p4781m

Newtown, Queensland 4350

SOLD

Key Features

AI generated. Contact seller to confirm.

Located in Toowoomba suburb of Newtown
Occupancy rate typically at 85%
Nine room motel with diverse room types
Ample on-site parking available
Strong investment performance
First stop for horse racing enthusiasts

Turnover: Not disclosed
Net Profit: Not disclosed
Rent/Lease: Lease in place
Stock Value: Included
Established: 32 years

Business Details

Business Category Motel

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.