Resort-Style Motel in a Booming South East QLD Growth Corridor For Sale by HTL Property

Specialist brokerage firm HTL Property has been appointed to bring to market McNevin’s Logan Park Motel, strategically positioned in Loganholme, within the booming Brisbane-Gold Coast corridor.

The freehold going concern motel currently operates 23 well-appointed guest rooms which are complemented by quality facilities including a 50 seat restaurant with cocktail bar and lounge, a resort-style swimming pool with spa, tennis court and pavilion with function stage and lawns.

The popular motel runs at consistently high occupancy levels driven by a broad customer base that comprises both corporate and tourist trade, and is forecast to return a $1.2 million Gross Profit in FYE 2023.

The motel sits on a substantial 7,499sqm landholding and holds an existing DA approval to add further rooms to the inventory by expanding over the surplus land, thereby capitalising on the strong trade and demand. The DA provides for 34 additional guest rooms plus 50 beds in a dormitory-style bunkhouse as well as new central facilities and larger, multi-purpose function facilities.
The Property has undergone regular refurbishments over the years and presents very well with minimal required CAPEX in the short-term.

Loganholme is conveniently positioned midway between Queensland’s capital city of Brisbane and the famous Gold Coast. This is an already booming growth corridor featuring the iconic theme parks and major business, commercial and industrial hubs as well as a number of major sporting and entertainment venues.

“This location is perfect for a motel. The area’s growth is unprecedented, and the immediate location is further reinforced by the substantial site being highly exposed to the M1 Pacific Highway. It is only within 800m of the major intersection of the M1 Pacific Highway and M6 Logan Motorway, and soon the Coomera Connector Motorway, which is currently under construction,” said Paul Nyholt.

“The site itself will no doubt have appeal to parties with an alternate use in mind” he said.

“There is scope for the incoming purchaser to drive revenues by reinstating the F&B offering and function capabilities (closed since the pandemic) as well as increasing room rates to reflect the strong demand and effective locational monopoly within the immediate area” commented HTL National Director Andrew Jackson.

“The DA approval provides an exceptional opportunity for an incoming purchaser to complete a highly feasible, fully documented development and reposition the asset as a premium offering that will generate even stronger demand and therefore the ability to increase room rates, grow function capabilities and ultimately drive profits,” said Andrew Jackson.

“This is an opportunity to buy an established and highly profitable motel, which not only offers plenty of scope for revenue enhancement from the existing operations, but also provides enormous opportunity for development and future growth,” said Nyholt.

“Accommodation assets have remained incredibly popular amongst investors and owner-operators even throughout the recent changing economic conditions. We are seeing continued strong interest from cashed up private investors, family offices, High Net Worth individuals, both domestically and offshore, as well as developers seeking a holding income while they explore alternate use or expansion options,” concluded Jackson.

McNevin’s Logan Park Motel is for sale via an Expressions of Interest Campaign closing on 28 June 2023.

For further details about this offering, the sale process or to arrange an inspection, please contact the exclusive marketing agents: Andrew Jackson on 0405 355 972 or Paul Nyholt on 0412 058 427.

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