40 Lamington Avenue, Ascot, QLD 4007 sold on 26 May 2025 | OnTheHouse
 
SOLD
Sold on 26 May 2025 for $6,300,000

40 Lamington Avenue
Ascot QLD 4007

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1829m2
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Property Details for 40 Lamington Ave, Ascot

Building Type
Commercial
Land Size
1829m2
Local Government
Brisbane
Lot/Plan
1/RP195675

Last Listing description (May 2019)


NOW PRICED TO SELL - VENDOR HAS MET THE MARKET TO FACILITATE A SALE. 27.5% ROI Brisbane Motel.
Resort Brokers offers a leasehold on one of Brisbanes best-maintained motels with 30 years left on a 35-year lease. The net profit has dropped in the last 12 months having the property run under management and the owner wants out to explore other business opportunities. Netting approx. $235k and priced to sell, this property is the one youve been looking for!





- Net profit of $234k to Sept 2018
- 30 years remaining on a 35 year lease
- Still strong occupancy in the last twelve months
- Fantastic average nightly room rates
- Fantastic condition motel
- Can be run as an investment or an owner operator


NB: Property inspections are by appointment only

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Property History for 40 Lamington Ave, Ascot, QLD 4007

A timeline of how this property has performed in the market
Last Sold
$6,300,000
26 May 2025
  • 26 May 2025
    Sold for $6,300,000
  • 01 Dec 2022
    Listed for Sale $1,495,000
  • 02 Nov 2018
    Listed for Sale $1,225,000 + SAV
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About Ascot 4007

The size of Ascot is approximately 2.8 square kilometres. It has 7 parks covering nearly 34.1% of total area. The population of Ascot in 2016 was 5777 people. By 2021 the population was 6531 showing a population growth of 13.0% in the area during that time. The predominant age group in Ascot is 30-39 years. Households in Ascot are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Ascot work in a professional occupation.In 2021, 56.10% of the homes in Ascot were owner-occupied compared with 54.70% in 2016.

Ascot has 3,588 properties. Over the last 5 years, Houses in Ascot have seen a 71.47% increase in median value, while Units have seen a 107.68% increase. As at 30 November 2025:

  • The median value for Houses in Ascot is $2,730,813 while the median value for Units is $903,257.
  • Houses have a median rent of $800 while Units have a median rent of $630.
There are currently 7 properties listed for sale, and 7 properties listed for rent in Ascot on OnTheHouse. According to Cotality's data, 180 properties were sold in the past 12 months in Ascot.

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© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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