3382 Huon Highway, FRANKLIN TAS 7113
MUST BE SOLD - $595,000
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- 19 Aug 2016
Lady Franklin Hotel Freehold & Business
Located on the beautiful Huon River in the heart of the Huon Valley only 40 minutes from Hobart, Franklin is a popular destination for both tourists and locals alike. Franklin is a perfect stopover for many of the attractions in the Valley. The town provides a mix of dining, antique shops, craft shops and the famous Wooden Boat Centre.
Includes a public bar, dining room, large enclosed timber deck overlooking the Huon River, function room, commercial kitchen, office, managers flat, 2 accommodation rooms and plenty of onsite parking on a generous 4,219sqm with sub-division potential (STCA). This great facility services the many local sport and recreational teams in the area.
The hotel was significantly renovated and refurbished from 2007 to 2010 and now provides a versatile venue. Current government valuation of $650,000 for land and buildings provides a sound investment for a new owner looking to grow and develop the business.
If the property is not purchased for its existing use as a hotel it can be used for residential or accommodation purposes (STCA).
INTERSTATE VENDOR KEEN TO SELL - PRICE REDUCED FORM $695,000 TO $595,000
The property must be sold so we invite all serious offers!
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
3382 Huon Highway FRANKLIN