86 Victoria Parade,
Rockhampton City, QLD 4700
Hotel, Motel & Leisure • Development Sites & Land
Key property information
Land area
Floor area
Property extent
Tenure type
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Map of 86 Victoria Parade
TRAVELODGE ROCKHAMPTON
- 4.0 star 74-room hotel & ext facilities
- Vacant possession
- Strong financial performance
CBRE Hotels is pleased to present the opportunity to acquire the freehold going concern interest in the Travelodge Rockhampton.
Key investment considerations include:
• 4.0-star hotel which presents well with 74 well-appointed guest rooms of generous sizes (24-47m2)
• Operated by TFE Hotels - offered with Vacant Possession at no cost - opportunity for owner operators or alternate brands
• Large prime 3,210m2 riverfront freehold parcel of land - significant underlying land value and over the medium term, potential redevelopment.
• Extensive facilities: four conference and meeting rooms, two food and beverage venues, recreational facilities (swimming pool and gymnasium), ample parking and a two-bedroom manager's residence
• Robust financial performance delivering a strong profit margin with potential to significantly value-add and increase EBITDA.
• Located within Rockhampton CBD and Fitzroy River Precinct, fronting Victoria Parade and offering exceptional river views. The Fitzroy River Precinct recently underwent a major $36m revitalisation project, and $1.6b in major projects under construction or proposed.
The freehold going concern interest in the Travelodge Rockhampton is offered for sale via an EOI campaign closing 5 October 2018 at 1:00pm AEST (unless sold prior).
Key investment considerations include:
• 4.0-star hotel which presents well with 74 well-appointed guest rooms of generous sizes (24-47m2)
• Operated by TFE Hotels - offered with Vacant Possession at no cost - opportunity for owner operators or alternate brands
• Large prime 3,210m2 riverfront freehold parcel of land - significant underlying land value and over the medium term, potential redevelopment.
• Extensive facilities: four conference and meeting rooms, two food and beverage venues, recreational facilities (swimming pool and gymnasium), ample parking and a two-bedroom manager's residence
• Robust financial performance delivering a strong profit margin with potential to significantly value-add and increase EBITDA.
• Located within Rockhampton CBD and Fitzroy River Precinct, fronting Victoria Parade and offering exceptional river views. The Fitzroy River Precinct recently underwent a major $36m revitalisation project, and $1.6b in major projects under construction or proposed.
The freehold going concern interest in the Travelodge Rockhampton is offered for sale via an EOI campaign closing 5 October 2018 at 1:00pm AEST (unless sold prior).
Rockhampton City, 4700 demographic data
2,059
Population
$1,118 per week
Median household income
42 years
Median age
Renters
Most residents
Families
Most households
86 Victoria Parade
Rockhampton City, QLD 4700
CBRE - HotelsLevel 21, 363 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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