shamrock hotel - toowoomba...shamrock hotel - toowoomba contents 1 – locality 2 – hotel...
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SHAMROCK HOTEL - TOOWOOMBA CONTENTS
1 – LOCALITY
2 – HOTEL IMPROVEMENTS
3 – FINANCIAL INFORMATION
4 – THE OFFERING
5 – BROKERS COMMENTS
“DISCLAIMER” It must be noted that QC Brokers and its servants and agents have made no enquiries as to the accuracy of the informaCon supplied. No audit has been performed and accordingly no Assurance expressed. No liability for the informaCon will be accepted by QC BROKERS Pty Ltd.
1 - LOCALITY Toowoomba nicknamed “The Garden City” is the focal point for the Darling Downs regional economy. It is located approx. 125km west of the state capital Brisbane.
EsCmated urban populaCon is approx. 120,000 people urban and approx. 160,000 regional.
The city is the 16th largest in Australia and the 6th largest in QLD, Toowoomba is also the second most populous inland city in the country, behind the naConal capital Canberra.
Toowoomba is the regional centre for business and government services in the Darling Downs, with a diversified industry base including agriculture, manufacturing, financial and professional services.
The subject hotel is located on the southern fringe of the Toowoomba C.B.D, with frontage to Ruthven Street, which is recognised as the main street of the C.B.D.
Significant recent development in Toowoomba include the construcCon of “Wellcamp Airport’ in 2014.
Looking ahead two major projects earmarked for the future that will have a posiCve influence on the Toowoomba economy :-‐
1-‐ Toowoomba Railway Parklands Priority Development Area.
2-‐ Toowoomba Second Range Crossing.
These two mulC billion dollar projects combined are expected to generate approx. 5000+ jobs during the construcCon phase.
It should be noted the parklands project is in close proximity to “The Shamrock Hotel/Motel.
2 - HOTEL IMPROVEMENTS The “Shamrock Hotel Motel” is a single level hotel constructed circa 1960’s with a two level motel building at the rear.
The hotel and motel has undergone significant renovaCons since the current owners acquired it late 2014.
The complex building areas are approx. Hotel 1350m2, Motel 750m2, Managers residence and balconies approx. 400m2. The complex comprises of the following :–
• Large public bar fronCng Ruthven street with glycol beer taps, central cool room, Keno, entertainment area and faciliCes for karaoke, bands etc.
• Designated TAB room with two terminals adjacent to the public bar.
• Designated gaming room toward the rear of the property with 39 gaming machines, bar, tea and coffee faciliCes, separate ameniCes.
• Designated outdoor smoking areas adjacent to the Gaming Room and in front of the Public Bar.
• Large dining room area between the public bar and gaming room with separate Bar serviced from same cold room as bar and seaCng for approx. 120.
• Separate designated conference/funcCon room with own bar adjacent to the public bar.
• Motel with 31 motel style rooms and a two bedroom apartment, all motel rooms have A/C, bar fridge, tea/coffee faciliCes, ensuite and shower, vanity, arm chair.
• Bitumen sealed driveways with on site parking for approx. 40 cars.
“DISCLAIMER” It must be noted that QC Brokers and its servants and agents have made no enquiries as to the accuracy of the informaCon supplied. No audit has been performed and accordingly no Assurance expressed. No liability for the informaCon will be accepted by QC BROKERS Pty Ltd.
“DISCLAIMER” It must be noted that QC Brokers and its servants and agents have made no enquiries as to the accuracy of the informaCon supplied. No audit has been performed and accordingly no Assurance expressed. No liability for the informaCon will be accepted by QC BROKERS Pty Ltd.
3 – FINANCIAL INFORMATION Full financial InformaCon will only be made available to qualified
ParCes upon signing a confidenCality agreement.
4 – THE OFFERING § SALE TYPE – FREEHOLD Going Concern Hotel/Motel
§ PROFIT –
§ SALE PRICE –
5 – BROKERS COMMENTS SubstanCal business with a combined 70 gaming machine authoriCes and motel rooms. Located in the C.B.D. of a major city. The property has been significantly refurbished since acquisiCon in late 2014 and to a high standard. The hotel is sensiCve to working structures being in place. The complex is currently run part Cme by the owners with the assistance of management. They have focused largely on property improvements over recent years. Improvements include :-‐ • Motel rooms renovated internal + exterior. • Commercial kitchen upgrades. • Designated Gaming and TAB Rooms. • Designated Smoking areas. • Gaming Machine upgrades. • New “Super” TAB. • New sportsbar, cpu systems, Clls, deck, solar panels. • Internal and external painCng. • Plant and equipment upgrades. Toowoomba is a diverse and historically strong town with large key infrastructure developments earmarked for the future. The Shamrock Hotel proposal presents a rare opportunity to acquire a substanCal venue with 39 machines and 31 motel rooms.
For further informa:on contact QC Brokers Laurence Crowley 0466 723 511