SOLD
Sold on 03 Jul 2024 for $850,000

274 Queen Street
Ayr QLD 4807

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1500m2
Land area: 2024m2
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Property Details for 274 Queen St, Ayr

Building Type
Commercial
Floor Size
1500m2
Land Size
2024m2
Local Government
Burdekin
Lot/Plan
46/A26516

Last Listing description (October 2022)

With 2 street frontage, this well-maintained, block motel consists of two updated buildings - the front being a 3-Bedroom Manager's Residence & Reception; the back consists of 9 Hotel Rooms, both 1 & 2 bedrooms (full room inventory available on request). Boosting a 70-80% occupancy rate, the Plantation Park is located on Queen Street in Ayr's CBD, which provides an extremely central location, walking distance to shopping, restaurants, parkland, and exposure to high levels of traffic, driving south to Bowen and north onto Townsville. Each room has a modern and function floor plan and furnishings, proving popular with travelers year-round and yielding many repeat and referral clients. The property is located on 2024m2 and features a sparkling in-ground pool, BBQ area and double garage with roller door access & workshop. The grounds are fully fenced, secure throughout and child friendly. The opportunities are endless here, whether you purchase and take over this profitable concern, renovate or extend the existing structure. To access the current financials, arrange an inspection or for further information please contact Jo Gabiola on 0418 186 858.

Property History for 274 Queen St, Ayr, QLD 4807

A timeline of how this property has performed in the market
Last Sold
$850,000
03 Jul 2024
  • 03 Jul 2024
    Sold for $850,000
  • 11 Jul 2022
    Listed for Sale FHGC $900,000
  • 02 Oct 2019
    Listed for Sale Not Disclosed
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About Ayr 4807

The size of Ayr is approximately 29.1 square kilometres. It has 16 parks covering nearly 5.8% of total area. The population of Ayr in 2011 was 8,883 people. By 2016 the population was 8,741 showing a population decline of 1.6% in the area during that time. The predominant age group in Ayr is 60-69 years. Households in Ayr are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ayr work in a labourer occupation. In 2011, 64.8% of the homes in Ayr were owner-occupied compared with 63.9% in 2016.

Ayr has 4,827 properties. Over the last 5 years, Houses in Ayr have seen a 59.87% increase in median value, while Units have seen a 64.72% increase. As at 30 November 2024:

  • The median value for Houses in Ayr is $301,514 while the median value for Units is $251,173.
  • Houses have a median rent of $330 while Units have a median rent of $275.
There are currently 95 properties listed for sale, and 15 properties listed for rent in Ayr on OnTheHouse. According to CoreLogic's data, 253 properties were sold in the past 12 months in Ayr.

Suburb Insights for Ayr 4807

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.