330 Preston Boundary Road
Preston Qld 4352
Price: $3,950,000
Property Description

WITH MULTIPLE POTENTIAL REVENUE STREAMS at this Renown Events Centre in an Inland City showing huge growth, the opportunity has arisen for you to say ‘I Do’ to this dream wedding & hospitality FREEHOLD BUSINESS set on 24.11 ACRES.

METICULOUSLY CREATED by the current Owners and nestled amidst beautiful bushland in scenic Preston – 8km south of Toowoomba Queensland – there’s NO LOCAL COMPARISON to the majestic Preston Village Manor & Chapel – renown for spectacular weddings and events.

AND

SO, WHO’S WHO?

– A high-capital Investor could acquire this site & appoint a management group / tenant

or

– A Business Owner could work the dream here, achieve cash-flow success; and benefit from continued likely capital growth of 24.11 acres

COMPARABLE BUSINESS CASE:

– Nearby winery and function centre focuses on high-calibre / high-end wedding bookings
– It runs 4/5 weddings per week

YOUR LICENSE TO PRINT MONEY!

REVENUE MODEL:

– Selling with vacant possession, recently the Wedding Receptions Manor, with seating for 150 guests, was earning lease income of $125,000 per year

– The complex has shown a consistent capacity to fetch $990.00 per Chapel or Gazebo event

– There are huge possibilities to INCREASE INCOME:

::::: 7-day per week activation
:::::::::: Baby namings
:::::::::: Funerals
:::::::::: Weekday commercial functions
:::::::::: Expos
::::: Require a minimum mandatory food and beverage spend, in addition to room hire
:::::::::: Focus on high-calibre / more expensive wedding bookings
::::::::::::::: Create individual wedding packages in the $50,000-$60,000 price bracket
::::: Across the large 24.11 Acre site, subject to council approval, focus on:
::::::::::::::: Honeymoon and accommodation Villas
::::::::::::::: ‘Glamping’ (glamorous camping), marketed to the Airbnb sector
::::::::::::::: Create a Camp-Oven Cooking Centre, famous for wood-fired pizza brunches
::::::::::::::: Create an Art Gallery for rotating school exhibitions
:::::::::::::::::::: In-turn, generating foot-traffic for a coffee shop / cafe
::::::::::::::: Offer tenancies for curated antiques and craft outlets
:::::::::::::::::::: With a fenced, visible childrens’ play area, ensuring parents can relax

READY-TO-GO! All the hard work is already done with:

– Noise permits until midnight
– Liquor Licence
– Town-planning compliance
– This VERY SPECIAL, renown, UPMARKET site is selling without bookings and without a tenant/operator, giving the new owner maximum control of the ABOVE INCOME IDEAS.

INCLUDED across the 24.11 Acre property:

– Wow, glamour: Space to add a Heli-pad to fly-in special guests !!!

– Historic 100 year-old restored Chapel
::::: With seating for 100+ guests
– Historic restored Manor for Wedding Receptions and Events
::::: With magnificent east views
::::: A commercial kitchen and bar
:::: Solid cedar French doors
:::: A wide veranda
:::: All furniture, equipment and accessories which event organisers expect
– Office, which happens to capture a chapel-like appearance
– Restrooms
– Gazebo for outdoor weddings
– Beautiful lawns as an alternative for ceremonies … and for guests to mingle
– Total of 21 sealed car parking spaces, including 2 mobility-impaired spaces
::::: Additional space for another 10 or so cars to park, next to the sealed parking on the grass
– Majestic appeal from the road amidst the beautiful bushland setting

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
::::: Privately-schooled girls leave Toowoomba to study and start capital-city careers and return to Toowoomba for their wedding
:::::::::: Target this high-wealth clientele

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

– This site is 3 mins / 3.5km from the New England Highway turn-off
::::: The New England Highway is the city’s major north-south traffic artery
::::: Toowoomba is a key strategic link in the National Land Transport Network
– 80 mins drive to Brisbane, flights available
– Under 2 hours drive to Gold Coast

SIMPLY MAGNIFICENT.

UPMARKET, and very SPECIAL.

MANY have made this majestic venue theirs for a day.

NOW YOU can MAKE IT YOURS FOR SUCCESS.

WE’RE STANDING BY to answer your questions or to arrange your tour. SEE NOW!

***USEFUL SUMS / SPECS courtesy of Jacqui Walker:

– Recent General Rates: $1,952.16 net 1/2 yr
– Local Government Area: Toowoomba Regional Council
– Real Property Description: Lot 1119 on A342430
– Disclaimer: All care taken, however you are encouraged to independently verify all figures, measurements and indications.

Share This Property

  • Email Agent about 330 Preston Boundary Road, PRESTON QLD 4352
  • Privacy Policy

Need to sell before you buy?

Find out the value of your property and see comparable sales, suburb performance and more. It takes seconds.