Seaport Boulevard, LAUNCESTON TAS 7250
- PROPERTY DETAILS
- BUILDING DETAILS
Now you can view details about this building.
Click this tab to view!
- Hotel / Leisure, Retail
- Floor area:
- Return (PA):
- Land area:
- Energy Efficiency Rating:
- NABERS energy rating
- Property ID:
- Virtual Tour:
- View Tour
- 25 Aug 2016
Premium Waterfront Hotel & Marina. Freehold Sale. Subject to a Leaseback.
Knight Frank is privileged to offer to the market this portfolio of properties comprising Hotel facilities, 42 Hotel rooms, Managers Suite, 70 berth Marina & Car parking.
The Complex operates under the “Peppers” brand and is located on the waterfront in the heart of Launceston, in a precinct comprising Launceston’s main bars and restaurants on the North Esk River precinct.
Further works of Launceston’s waterfront will see the development of the north bank precinct directly opposite, which will include the “Silo” Accommodation Development.
The property is offered subject to a Leaseback for 20 Years under a “Triple Net Lease”. The commencement rental is $1,008,000 pa. The lease covers 28 separate titles and the Marina licence.
The Hotel was built in 2003/04 by the developers Old Seaport Pty Ltd and in 2004 Peppers commenced management of the hotel. The Hotel was winner of the Peppers Property of the Year Vic/Tas 2014, and a finalist in 2015 for Property of the Year.
Attractive Division 40 & 43 Allowances and Deductions for Depreciation.
For further information in the form of an Information Memorandum and Due Diligence pack, please contact the Agents.
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
Seaport Boulevard LAUNCESTON