88 Toolooa StreetSouth Gladstone QLD 4680
Property Details for 88 Toolooa St, South Gladstone
Last Listing description (November 2020)
This is an extraordinary opportunity to purchase a well-established, freehold motel or lease the choice is yours
This property offers opportunity for growth to new owners, the living accommodation is adaptable for more bedrooms and the coastal town offers a relaxed lifestyle with close proximity to islands
- 22 ground floor units - freehold going concern motel
- 2 bedroom owners residence
- Newly renovated throughout
- Cement block with colorbond roof and sealed driveways
- Linen laundered commercially off site
- Facilities for an onsite restaurant currently not in operation
- 3 1/2 star and easily managed with casual cleaners
Lease discounted rent until the end of this Calendar year.
Freehold Going Concern
50% Vendor Finance for two years at 6%
Contact Raine & Horne Gladstone today to inspect 07 49 72 4044
Property History for 88 Toolooa St, South Gladstone, QLD 4680
- 27 Oct 2020Sold for $748,000
- 17 Feb 2020Listed for Sale All offers considered
- 24 Feb 2019Listed for Sale $1,200,000
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About South Gladstone 4680
The size of South Gladstone is approximately 3.2 square kilometres. It has 5 parks covering nearly 9.4% of total area. The population of South Gladstone in 2016 was 3295 people. By 2021 the population was 3476 showing a population growth of 5.5% in the area during that time. The predominant age group in South Gladstone is 50-59 years. Households in South Gladstone are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in South Gladstone work in a trades occupation.In 2021, 49.00% of the homes in South Gladstone were owner-occupied compared with 48.00% in 2016.
South Gladstone has 2,189 properties. Over the last 5 years, Houses in South Gladstone have seen a 105.72% increase in median value, while Units have seen a 111.24% increase. As at 31 December 2025:
- The median value for Houses in South Gladstone is $506,746 while the median value for Units is $316,267.
- Houses have a median rent of $470 while Units have a median rent of $380.
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