The lease of Brisbane's Herston Place Motel is on offer through Ray White Commercial Toowoomba.

Comprising 21 semi self-contained units of varying configurations including King, Queen, twin share, interconnecting and disability access rooms, the motel is centrally located in walking distance (500m) to the Royal Brisbane & Women’s Hospital, (the largest hospital in Queensland) University of Qld medical School and School of Dentistry, Victoria Park Golf Club, Ballymore Rugby grounds, hotels and cafes.

At a glance: 

• The Herston Place Motel in the Royal Brisbane Hospital precinct is for lease through Terry George of Ray White Commercial Toowoomba.
• The property comprises 21 semi self-contained units of varying configurations including King, Queen, twin share, interconnecting and disability access rooms. 
• The motel is currently run under long term management with the lessee being an absent owner.

The two-level property enjoys high occupancy with repeat customers and bulk bills accommodation to Qld Health under the Qld Health PTSS (Patient Transfer Subsidy Scheme) meaning the Qld health Department pays for patient accommodation costs.

Motel Broker Terry George said the views across the city and surrounding suburbs provided a very relaxing environment in the heart of Brisbane.

pic_3.jpg

Source: Ray White Commercial Toowoomba

“This motel is what you would get if you took the best parts of a motel lease and mixed it with the best parts of a management rights agreement," he said.  

"The owners accommodation is freehold, as are all the units, but the outgoings are paid by the freehold owners, and the lessee has security of tenure with a standard motel lease until 2043.”

He added that only not only are the freehold owners responsible for outgoings, they are also responsible for maintenance of the motel.

"When have you ever seen a motel lease with the outgoings and maintenance such as carpets, painting etc being the owner’s responsibility?” he said.

“It has the benefits of management rights mixed with long term security of a motel lease and no trust accounting or owners taking rooms out of a rental pool.

pic_6.jpg

Source: Ray White Commercial Toowoomba

"The rooms are all yours until 2043.”

The motel is currently run under long term management with the lessee being an absent owner.

With no commercial kitchen on the property, no meals are provided by the lessee, with culinary options across the road in the form of cafes and shops.

Mr George said the increasing population of Sout East Queensland meant the hospital business "was not going away".

“This is an opportunity to lease a motel next door to the largest hospital in Qld with 80 per cent of business paid for by Qld Health."

For more information, email or phone Terry George from Ray White Commercial Toowoomba via the details provided below.

Similar to this: 

Popular Toowoomba hotel lease for sale

Queensland four-star motel for sale as freehold going concern

Barrier Reef Motel in Far North Queensland for sale