704 Bruce Highway, Woree, QLD 4868

Hotel/Leisure

Sold

  • Property ID: 409056
  • Land Area: 4610m²
  • NBN Availability: Service Available - Fibre to the node (FTTN)
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold N/A N/A 4610m2 N/A
ââ?¬Ë?New Chalon Cairnsââ?¬â?¢ ââ?¬â?? Bursting with opportunity

The ââ?¬Ë?New Chalon Cairnsââ?¬â?¢ is a clean and friendly motel offering affordable accommodation suited to couples, corporate travellers and families, in a convenient city fringe location.

The motel is developed on approximately 4,610m2 of land, with approximately 65m frontage to the Bruce Highway (via a service road). The existing improvements comprise of a 38 unit motel, manager's accommodation, high clearance porte-cochere, reception/guest lounge, licensed restaurant, and a large in-ground swimming pool with extensive tropical landscaping to the surrounding courtyard, pool amenities, guest laundry, house laundry, storerooms and administration areas, with covered car accommodation and extensive paved car parking and driveway areas.

The restaurant building is detached and single storey, with an indoor dining area, a commercial kitchen, separate bar area, toilet facilities and shower amenities. Extensive refurbishments completed in 2011 transformed this building into an upmarket Japanese Teppanyaki restaurant, featuring 5 unique teppanyaki bars (western style Japanese BBQ), in addition to conventional seating. The entrance to the restaurant is atrium in style, with large tinted windows flanking both sides of the building; providing plenty of natural light and pleasant views.

The adjoining vacant land, located at the rear of the property, is zoned appropriately for the expansion of the hotel, or alternatively suitable for independent development as residential apartments. The subject land comprises an approximate total area of 1,869m2, with approximately 25m frontage to Mintaro Crescent.

This opportunity offers a substantial existing footprint for astute and capable operators to reposition and secure a stronger hold in the motel accommodation market, with additional adjoining land, suitable for the expansion of the existing accommodation facilities of the motel, or to be developed as a standalone residential complex, to secure additional income from permanent rentals and/or an individual sale (subject to council approval).

The ââ?¬Ë?New Chalon Cairnsââ?¬â?¢ and adjoining land is offered for sale on an ââ?¬Å?as is, where isââ?¬Â walk-in, walk-out basis.

This established and operational freehold and business is offered for sale by Expressions of Interest, closing 4pm on Wednesday 26th March 2014 ââ?¬â?? unless sold prior.

To obtain the Information Memorandum or to arrange an inspection, contact Jay Beattie.

*approximate only.

Woree Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices --- $415 ---
Industrial $1968 --- ---
Retail $2549 $308 12.06%
This is the average advertised price, rent and yield for Woree, QLD 4868*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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