leasehold SALE - WIWO

This motel is located directly opposite the furlong pole of the famous Clifford Park Racecourse. The front units offer a spectacular view of Australia's first thoroughbred racing under lights including the exciting 'home straight' action.

The motel is ideal for a couple starting out in the motel industry as it is not too large and can be operated by 2 people.

Key features:

* 9 oversize rooms
* Combination of family; double; twin and self contained
* Long lease
* 30% return
* Regular clientele
* Spacious 3 bedroom owner's residence

Motel is is good condition and does not require capital works.

Toowoomba is a picturesque mountain city located in south east Queensland some 127Km west of the states capital, Brisbane.

With a population of over 90,000 people, Toowoomba is Australia's largest inland regional city and is the commercial and economic hub of the Darling Downs, thereby serving a population in excess of 250,000 people.

Major industries include manufacturing, wholesale, agriculture and with more than 23 private schools, a technical college, and university, Toowoomba can be considered a major educational centre.  

LEASEHOLD MOTEL SALE

Built on a large block of land, this unique modern architecturally designed complex incorporates 27 motel suites which include 2 and 3 bedroom fully self-contained apartments.

The motel is situated on a major traffic route directly opposite the 2nd largest shopping complex in Toowoomba which is anchored by a number of major brands.

The manager’s residence is a spacious two bedroom bedroom layout which sits over
the reception area, office, restaurant and inviting bar facility. The residence has a spa, combined lounge/dining and large kitchen. There is a balcony that wraps around the front of the residence.

Improvements: Large 27 room motel complex comprising:

(a) Majority of suites comprising 1 queen & 1 single bed

(b) 2 x suites comprises 1 queen & 2 single beds

(c) 3 x 2 bedroom self contained apartments

(d) 2 x 3 bedroom self contained apartments

(e) Licensed restaurant & bar

(f) Conference room

(g) Commercial laundry, guest laundry & commercial kitchen

Commencement of Lease: June 2008

Term of Lease: 25 years


Additional information can be obtained from Craig Riddel 0412905571 or craig@fntweedcity.com.au