54 Hursley RoadNewtown QLD 4350
Property Details for 54 Hursley Rd, Newtown
Last Listing description (February 2014)
Toowoomba Motel Freehold & Business!
The Clifford Park Motor Inn at 54 Hursley Road strategically located opposite the Clifford Park Racecourse and a short distance to the Clifford Gardens Shopping Centre and Toowoomba Showgrounds presents an excellent business opportunity.
The unique motel complex was originally part built around the 1980's and subsequently expanded over the next 20 years, and comprises mostly large 1, 2 and 3 bedroom self contained units with full kitchens. Some units need cosmetic updating but already very rentable in their current condition. Similarly, the external appearance and signage could also do with upgrade but no major investment will be required. There are 27 car parks onsite.
The motel has already a well established client base generating revenue with the current occupancy rate between 50 and 60%.
There is enormous potential for the energetic new owners to substantially increase and capitalise on current opportunities within the Toowoomba region which is the corridor to the Surat Basin and the new Toowoomba Wellcamp Airport being built (scheduled to open end 2014).
CCTV security system and Wifi has also been installed and all units are fully furnished.
The Clifford Park Motor Inn has a current food licence, liquor licence and has a compliance certificate for the inground pool. A1 Fire Service regularly service the fire extinguishers and smoke alarms every 6 months. The electrical testing and tagging is current and there is an asbestos register in place.
The outgoings include council rates of approximately $13,600 per annum plus water rates of around $4,200 yearly. The servicing of the fire extinguishers and smoke alarms is in the region of $600 per annum. Land Tax to the State Government is just over $5,000 per annum.
The complex is being sold as a going concern hence GST will not be applicable for the new owner operator. The current owner of the last 6 years is retiring owing to ill health hence this very competitive price to achieve a quick sale. The price has been further discounted to take into consideration that the new owner may wish to undertake some minor upgrades and maintenance to further enhance potential new clients. Accountants figures are available for the last 3 years. The motel has been showing a nett profit around $255,000 per annum with a nett turnover ranging from $370,000 to $385,000 yearly.
This is a blue chip business investment opportunity. For more information and to arrange a private viewing, contact Ian Knight.
Property History for 54 Hursley Rd, Newtown, QLD 4350
- 16 Apr 2021Sold for $300,000
- 25 Mar 2014Sold for $1,095,000
- 14 Nov 2013Listed for Sale 1595000
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About Newtown 4350
The size of Newtown is approximately 5.5 square kilometres. It has 15 parks covering nearly 15.4% of total area. The population of Newtown in 2016 was 9596 people. By 2021 the population was 10039 showing a population growth of 4.6% in the area during that time. The predominant age group in Newtown is 20-29 years. Households in Newtown are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Newtown work in a professional occupation.In 2021, 50.30% of the homes in Newtown were owner-occupied compared with 52.30% in 2016.
Newtown has 5,403 properties. Over the last 5 years, Houses in Newtown have seen a 130.44% increase in median value, while Units have seen a 124.13% increase. As at 31 January 2026:
- The median value for Houses in Newtown is $727,099 while the median value for Units is $590,938.
- Houses have a median rent of $520 while Units have a median rent of $450.
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