SHAMROCK HOTEL - TOOWOOMBA CONTENTS

1 – LOCALITY

2 – HOTEL IMPROVEMENTS

3 – FINANCIAL INFORMATION

4 – THE OFFERING

5 – BROKERS COMMENTS

“DISCLAIMER”  It  must  be  noted  that  QC  Brokers  and  its  servants  and  agents  have  made  no  enquiries  as  to    the  accuracy  of  the  informaCon  supplied.    No  audit  has  been  performed  and  accordingly  no    Assurance  expressed.    No  liability  for  the  informaCon  will  be  accepted  by  QC  BROKERS  Pty  Ltd.    

1 - LOCALITY Toowoomba  nicknamed  “The  Garden  City”  is  the  focal  point  for  the  Darling  Downs  regional  economy.  It  is  located  approx.  125km  west  of  the  state  capital  Brisbane.  

EsCmated  urban  populaCon  is  approx.  120,000  people  urban  and  approx.  160,000  regional.    

The  city  is  the  16th  largest  in  Australia  and  the  6th  largest  in  QLD,  Toowoomba  is  also  the  second  most  populous  inland  city  in  the  country,  behind  the  naConal  capital  Canberra.  

Toowoomba  is  the  regional  centre  for  business  and  government  services  in  the  Darling  Downs,  with  a  diversified  industry  base  including  agriculture,  manufacturing,  financial  and  professional  services.  

The  subject  hotel  is  located  on  the  southern  fringe  of  the  Toowoomba  C.B.D,  with  frontage  to  Ruthven  Street,  which  is  recognised  as  the  main  street  of  the  C.B.D.  

Significant  recent  development  in  Toowoomba  include  the  construcCon  of  “Wellcamp  Airport’  in  2014.    

Looking  ahead  two  major  projects  earmarked  for  the  future  that  will  have  a  posiCve  influence  on  the  Toowoomba  economy  :-­‐  

1-­‐  Toowoomba  Railway  Parklands  Priority  Development  Area.  

2-­‐  Toowoomba  Second  Range  Crossing.  

These  two  mulC  billion  dollar  projects  combined  are  expected  to  generate  approx.  5000+  jobs  during  the  construcCon  phase.  

It  should  be  noted  the  parklands  project  is  in  close  proximity  to  “The  Shamrock  Hotel/Motel.  

2 - HOTEL IMPROVEMENTS The  “Shamrock  Hotel  Motel”    is  a  single  level  hotel  constructed  circa  1960’s  with  a  two  level  motel  building  at  the  rear.    

The  hotel  and  motel  has  undergone  significant  renovaCons  since  the  current  owners  acquired  it  late  2014.    

The  complex  building  areas  are  approx.  Hotel  1350m2,  Motel  750m2,  Managers  residence  and  balconies  approx.  400m2.  The  complex  comprises  of  the  following  :–  

•  Large  public  bar  fronCng  Ruthven  street  with  glycol  beer  taps,  central  cool  room,  Keno,  entertainment  area  and  faciliCes  for  karaoke,  bands  etc.  

•  Designated  TAB  room  with  two  terminals  adjacent  to  the  public  bar.  

•  Designated  gaming  room  toward  the  rear  of  the  property  with  39  gaming  machines,  bar,  tea  and  coffee  faciliCes,  separate  ameniCes.  

•  Designated  outdoor  smoking  areas  adjacent  to  the  Gaming  Room  and  in  front  of  the  Public  Bar.  

•  Large  dining  room  area  between  the  public  bar  and  gaming  room  with  separate  Bar  serviced  from  same  cold  room  as  bar  and  seaCng  for  approx.  120.  

•  Separate  designated  conference/funcCon  room  with  own  bar  adjacent  to  the  public  bar.  

•  Motel  with  31  motel  style  rooms  and  a  two  bedroom  apartment,  all  motel  rooms  have  A/C,  bar  fridge,  tea/coffee  faciliCes,  ensuite  and  shower,  vanity,  arm  chair.  

•  Bitumen  sealed  driveways  with  on  site  parking  for  approx.  40  cars.  

“DISCLAIMER”  It  must  be  noted  that  QC  Brokers  and  its  servants  and  agents  have  made  no  enquiries  as  to    the  accuracy  of  the  informaCon  supplied.    No  audit  has  been  performed  and  accordingly  no    Assurance  expressed.    No  liability  for  the  informaCon  will  be  accepted  by  QC  BROKERS  Pty  Ltd.    

“DISCLAIMER”  It  must  be  noted  that  QC  Brokers  and  its  servants  and  agents  have  made  no  enquiries  as  to    the  accuracy  of  the  informaCon  supplied.    No  audit  has  been  performed  and  accordingly  no    Assurance  expressed.    No  liability  for  the  informaCon  will  be  accepted  by  QC  BROKERS  Pty  Ltd.    

3 – FINANCIAL INFORMATION Full  financial  InformaCon  will  only  be  made  available  to  qualified    

ParCes  upon  signing  a  confidenCality  agreement.  

4 – THE OFFERING §  SALE  TYPE    –  FREEHOLD  Going  Concern    Hotel/Motel  

§  PROFIT  –  

§  SALE  PRICE      –  

5 – BROKERS COMMENTS    SubstanCal  business  with  a  combined  70  gaming  machine  authoriCes  and  motel  rooms.    Located  in  the  C.B.D.  of  a  major  city.    The  property  has  been  significantly  refurbished  since  acquisiCon  in  late  2014  and  to  a  high  standard.    The  hotel  is  sensiCve  to  working  structures  being  in  place.  The  complex  is  currently  run  part  Cme  by  the  owners  with  the  assistance  of  management.  They  have  focused  largely  on  property  improvements  over  recent  years.  Improvements  include  :-­‐  •  Motel  rooms  renovated  internal  +  exterior.  •  Commercial  kitchen  upgrades.  •  Designated  Gaming  and  TAB  Rooms.  •  Designated  Smoking  areas.  •  Gaming  Machine  upgrades.  •  New  “Super”  TAB.  •  New  sportsbar,  cpu  systems,  Clls,  deck,  solar  panels.  •  Internal  and  external  painCng.  •  Plant  and  equipment  upgrades.    Toowoomba  is  a  diverse  and  historically  strong  town  with  large  key  infrastructure  developments  earmarked  for  the  future.    The  Shamrock  Hotel  proposal  presents  a  rare  opportunity  to  acquire  a  substanCal  venue  with  39  machines  and  31  motel  rooms.    

For  further  informa:on  contact  QC  Brokers  Laurence  Crowley  0466  723  511