89 Gregory TerraceSpring Hill QLD 4000
Property Details for 89 Gregory Tce, Spring Hill
Last Listing description (August 2019)
Resort Brokers have pleasure in offering for sale the leasehold interest of Motel on Gregory an extremely attractive boutique apartment style accommodation complex ideally situated in popular Gregory Terrace on the fringe of Brisbane CBD. The 12 months (to end Nov) profit and loss figures reflect a net profit of $240k, and any savvy operator will realise the enormous upside this hotel style complex could achieve. Motel on Gregory has a long lease, one of the fairest leases in the market, a hugely desirable location and solid financials in place. The owners are looking to retire and move back to the Sunshine Coast.
- Reception area and caretakers office (storage)
- Commercial kitchen (not currently utilised)
- Air-conditioning systems and fans in all rooms
- Guest laundry facilities
- Breakfast dining room
- 3 function rooms plus enclosed veranda
- Undercover parking
- Located within walking distance of restaurants and entertainment precinct
- Property inspections are by appointment only
Property History for 89 Gregory Tce, Spring Hill, QLD 4000
- 27 Jul 2020Sold for $7,480,000
- 02 Jul 2019Listed for Sale $800,000
- 10 Feb 2017Listed for Sale EXPRESSIONS OF INTEREST
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0About Spring Hill 4000
The size of Spring Hill is approximately 1.3 square kilometres. It has 7 parks covering nearly 19.6% of total area. The population of Spring Hill in 2016 was 5974 people. By 2021 the population was 6593 showing a population growth of 10.4% in the area during that time. The predominant age group in Spring Hill is 20-29 years. Households in Spring Hill are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Spring Hill work in a professional occupation.In 2021, 30.00% of the homes in Spring Hill were owner-occupied compared with 29.90% in 2016.
Spring Hill has 5,432 properties. Over the last 5 years, Houses in Spring Hill have seen a 80.02% increase in median value, while Units have seen a 93.56% increase. As at 31 March 2026:
- The median value for Houses in Spring Hill is $1,995,643 while the median value for Units is $742,757.
- Houses have a median rent of $815 while Units have a median rent of $650.
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