Highgate Hill property, the Southbank Motel, is on the market through Savills Hotels agents Joseph Wing and Selin Ince.

Positioned on approximately 1,214sqm in the inner-Brisbane suburb of Highgate Hill, The Southbank Motel is located 2 kilometres south–east of the CBD. The property is currently configurated to operate a 14-room motel and features a manager’s residence, outdoor pool, BBQ area, and laundry facility.

c_southbank_motel.jpeg

Source: Savills

Speaking to The Hotel Conversation, Joseph Wing said Savills are pleased to present this rare inner city motel site to the market exclusively via an offers to purchase process.

The property is offered for sale with vacant possession, suitable for a motel owner operator and / or developer interested in the considerable inner city land bank opportunity.

“We anticipate a high level off interest due to this asset’s inner-city location, convenient access to infrastructure, and proximity to hospitals and major education providers,” Joseph said.

“We have witnessed an increase in appetite for developers over motel sites in South East Queensland due to the scale and frontage the sites generally pose.”

b_southbank_motel.jpeg

Source: Savills

The inner south and east of Brisbane are currently witnessing activity through development with plans to deliver world class infrastructure and transport facilities. Queensland State and Local Government are in strong support for growth in West End, South Bank, Woolloongabba and Dutton Park.

“Highgate Hill has received strong levels of growth across residential developments over the past decade due to its central location and proximity to surrounding suburbs such as West End, Southbank & Woolloongabba,” Joseph explained to The Hotel Conversation.

“There has been a significant push from buyers from the South into regions like Queensland. Due to the lack of supply (in particular in NSW), buyers from that pocket have become asset and location agnostic, looking into Queensland as a preferred place for investment”.

d_southbank_motel.jpeg

Source: Savills

Predominantly occupied by a part two & three-story brick construct motel as well as a generous carpark, the site currently accommodates 14 motel rooms including 1 Queen Room, 10 Standard Queen Single rooms, 1 Family Room, 1 Family Unit, and 2 Family Double Rooms.

To request a copy of the Information Memorandum please email either of the Savills marketing agents Joseph Wing or Selin Ince via the contact form below.

To view the listing or for more information click here. 

Related reading:

Cassowary Coast Marine Hotel for sale by Savills

Award-winning Margate dining and functions operation The Golden Ox for sale - Savills