A scarcity of accommodation so close to central Brisbane makes the freehold going concern of Spring Hill Terraces Motel & Apartments an extremely rare offering, one of the few that has not already been snapped up by investors.

The 28-room Spring Hill Terraces occupies a prime inner-city site along Water, Warry and Kennigo streets, only 1.5 km from the CBD and a few hundred metres from Fortitude Valley.

The large lot size of 1,672 sqm is extremely rare for inner Brisbane, adding to this freehold asset’s incredible development potential.

Currently operating as a budget motel, this versatile asset’s wide variety of room configurations range from fully self-contained two-level townhouse and studio apartments to standard rooms, twin rooms and singles.

Inner Brisbane is a major beneficiary of Brisbane’s ongoing population boom which will continue to drive demand for existing accommodation, especially in the current market where there are significant barriers to entry for new supply.

For the new owner, this incredibly versatile asset invites repositioning, redevelopment or to simply continue as is.

- Rare, inner-city Brisbane freehold accommodation in a tightly held market
- 28-room motel occupying a prime inner-city Spring Hill location, only 1.5 km from the CBD and a few hundred metres from the
Valley
- Large 1,672 sqm lot, incredibly rare for inner Brisbane
- Huge guest demand for Brisbane city-fringe accommodation in a squeezed supply environment
- Recent refurbishments by the owner of almost half the motel’s rooms
- Ideal for repositioning or redevelopment to upscale or luxury accommodation to capitalise on Spring Hill’s unique character and
location
- Untapped potential to attract corporate, public sector and hospital guests
- Dynamic pricing and savvy digital marketing will unlock revenue and increase occupancy
- Huge upside to increase the motel’s easily achieved annual net profit of $860,000 for FY23
- Wide variety of room configurations range from single rooms to fully self-contained two-storey townhouse apartments and studio
apartments
- Inspections are by appointment only