HERE AT THIS HISTORIC BUILDING steeped in character and many majestic elements of yesteryear, the opportunity has arisen for you to acquire ‘A Place To Stay’ – a 16 Bedroom BACKPACKERS HOSTEL bordered by up to 4 streets and set on close to half-an-acre only 220 metres to TAFE.

PRIOR TO THE PANDEMIC, this amazing property would regularly accommodate 50 backpackers a night.

NOW, with the state and international BORDERS OPEN AGAIN – and the Government looking to increase caps on Overseas workers – THE BACKPACKERS WILL RETURN for your pursuit of PROFIT at this Backpackers Hostel right in the heart of beautiful North Toowoomba.

THE OPTIONS:

- Ideal to Continue as the Iconic ‘A Place to Stay’ Backpackers Hostel
::: Pre-Pandemic financial figures are available to Qualified Buyers

Or

- What’s your idea for the next chapter in the life of this beautiful property?

THE LAND HOLDING:

- 1,553 Sq Metres
::::: That’s near to half-an-acre
::::: Does your idea need ample carparking? This might be the place for it
- Bordered by 1 Lane and 3 Streets
::::: Wow, that’s rare !!
::::: Bridge, Edward, Partridge Streets, and Stanton Lane
- Possibility also exists to acquire a nearby additional property
::::: Let’s discuss that at the inspection
- Zoned: Residential Conservation
- Orientation: South to Bridge Street; East to Edward Street
- Rates and Water amounts far below

FLOORPLAN FAST FACTS:

- Adorned by a beautiful verandah
- Majestic hallway entrance
- Lounge Room
- Dining Room
- Kitchen with some commercial features
- 16 Bedrooms
- 6 Bathrooms
::: 2 of these are ensuited
::: Total of 6 Toilets
- Laundry
- Office
- Store Room

YOU’LL LOVE THE:

- Early 1900′s enchantment everywhere you look
- Beautiful bullnose windows to 2 front rooms and the east-facing dining room
- Spectacular brickwork embellishments
- Hardwood flooring
- Pressed metal ceilings to verandah and throughout the home’s interior
- Adorned by a grand front door
- Also beautiful fireplaces
- And the warmth of wall heaters

BASED on land size and property size and commercial value, here are 8 COMPARABLE MARKET INSIGHTS:

- 20A-22 Gentle Street, North Toowoomba
::: 280m away
::: Character Manor, 3 Bedrooms, 2 Bathrooms
::: 1,790 Sq Mtrs
::: Commercial value: No
::: Sold Price Not Declared

- 111 and 113 Bridge Street, Mount Lofty
::: 350m away
::: 1 House and 3 Units
::: 3,370 Sq Mtrs
::: Commercial value: No
::: Sold Price approx $1.8m

- 90 Jellicoe Street, North Toowoomba
::: 1km away
::: Place of worship, office, 2 Units
::: 4,047 Sq Mtrs
::: Commercial value: Yes
::: Asking Offers Over $1.9m

- 207 Ruthven Street, North Toowoomba
::: 1km away
::: 8 adjoining lots, total 3,238 Sq Mtrs
::: Commercial value: No
::: Asking Offers Over $1.75m

- 193 Ruthven Street, North Toowoomba
::: 1.2km away
::: 3 Homes
::: 2,025 Sq Mtrs
::: Commercial value: No
::: Sold Price $1.315m

- 241 Bridge Street, Newtown
::: 1.8km away
::: 2 Homes, 2 Commercial Buildings
::: 2,700 Sq Mtrs
::: Commercial value: Yes
::: Listed by Chan De Silva from My Team
::: Asking $1.2m

- 135 Russell Street, Toowoomba City
::: 2.2km away
::: The very glamorous ‘Vacy Hall’
::: 10 bedrooms, 7 bathrooms
::: 4,709 Sq Mtrs
::: Commercial value: Yes
::: Circa 1899
::: Asking Expressions Of Interest

- 24-26 Drayton Road, Harristown
::: 4.8km away
::: Manor, 5 Bedrooms, 3 Bathrooms
::: 8,749 Sq Mtrs
::: Commercial value: No
::: Sold Price $1.848m

ULTIMATELY, there are few peers which truly rival this particular proposition of history, building size, land size and location. AND BORDERED BY UP TO FOUR STREETS, WOW!

WHAT’S NEARBY?

- 220m to TAFE
- 800m to Cobb & Co Museum
- 850m to Botanic Gardens
- 1.1km to Toowoomba State High School
- 1.5km to Toowoomba East Primary School
- 1.6km to Sports Club/CBD
- 2.3km to Grand Central Shopping Centre

TOOWOOMBA ECONOMIC SNAPSHOT:

- Toowoomba region population approx. 170,000
- Toowoomba has a gross regional product of $11.56 billion

- Toowoomba is the gateway to the west
:::: Abundant gas and oil resources
:::: Significant rural wealth

- Inland city showing huge growth
:::: $1.6 billion Second Range Crossing completed 2019
:::: $500m QIC Grand Central Shopping Centre upgrade completed 2018
:::: New International Freight Airport
:::: New Airport Industrial Park
:::: New Regional Data Centre

RARE TO THE MARKET – and a unique configuration of history, property size, land size, location and 3 street / 1 laneway aspect – this BACKPACKER HOSTEL opportunity is SIMPLY MAGNIFICENT – with grand street appeal.

MANY STORIES have touched the history of this beautiful manor.

THE NEXT CHAPTER is yours.

A WONDERFUL OPPORTUNITY for Backpacker Hostel Investors, or for your other ideas.

FOR YOUR CONVENIENCE, The Jacqui Walker Sells Team is standing by to answer your questions or to arrange YOUR TOUR. Take the next step in your dreams TODAY!

***USEFUL INFORMATION courtesy of The Jacqui Walker Sells Team:

- Recent General Rates: $3,456 net 1/2 yr approx
- Recent Water Access: $349.94 net 1/2 yr + use

- Real Property Description: Lot 1 on Registered Plan 16723

- Disclaimer: All care taken, however you are encouraged to independently verify all figures, measurements and indications.