Key property features:
- 17 well-appointed motel rooms.
- Prime 5,000 m2 real estate property on the top of the hill.
- DA application for an additional 21 room motel complex.
- Ample off-street parking for motel guests.
- Rapid growth area with strong investment and industry.
- All buildings and property well maintained and presented.
- 2-bedroom residence with open plan lounge and kitchen.
- Opportunity for business growth.
- Outdoor pool and barbeque entertaining area.
A must see for all developers for the opportunity to secure this prime piece of Gladstone real estate. New owners can grow the current business while working through future development plans and expansions.
Situated at the top of town, overlooking Gladstone city and the bay, this Prime piece of real estate of 5,309 m2 is a must see for all developers. Currently operating as a 17-room motel with extensive room renovations carried out over the past three years. Additionally with a DA for an additional 21 rooms which could increase the motel size to 38 rooms in total.
The property features 17 well-appointed rooms with all amenities, swimming pool, barbeque area with ample off-street parking for all vehicles. An excellent residence with two bedrooms, lounge and two bathrooms.
The property of 5,309 m2 has three main buildings, single and double story. Situated at the top of the hill providing panoramic views across Gladstone and the ocean. Endless opportunities are available to expand or develop the site. You could expand the current motel size (DA application provided) to a 38-room motel or convert the site to a multi-unit development. Or land bank now for the future.
The business has traded well through the tough COVID period, with consistent revenue from long term guests. Now there is an opportunity to revert back to a nightly accommodation motel and reap the benefits of Gladstones recent uplift in accommodation demand and occupancy, which is to continue into the future.
Gladstone is having a mini boom again, with accommodation demands at all-time highs. New planned developments and projects have seen large scale activities in the city. Along with the increase in movement through the port, Gladstone business and economy is on the rise.
This property provides a great opportunity for the purchaser to invest in a solid piece of prime real estate, with the opportunity to create a successful business while working on future developments.
Net Profit: $240,000 projected for 2022/23
Contact Richard O'Connell from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2787MF (quote when enquiring)
Property Code: 4598
