This top class fully renovated property is on the market to sell at way less than valuation!
Well known 3 storey CBD hotel and one of the best night clubs in Tasmania.
Extensive renovations and refurbishment to the ground and first floors to provide 'State of the Art' CBUS automated lighting, sound and acoustic systems, re-wiring, surveillance monitors, 40 security cameras, latest beer systems and fire detection sprinklers.
Ground Floor - Night club, lounge area, bar, dance floor, DJ booth, commercial kitchen and outdoor area.
First Floor- 3 bars, lounge areas, office, dance floor, V.I.P. lounge, DJ booth and outdoor area.
Second Floor- Manager's apartment, storage and office.
Has the capacity for large crowds and high turnover. Huge potential for additional daytime bar and food trade, meetings, seminars, etc.
The Hobart CBD is being revitalised with two completed projects and two further proposals for major developments. One of these adjoins the hotel and the other is within 150 metres. Commercial zoning adds underlying value for alternative uses such as offices, retail, accommodation, etc.
The asking price is well below the last valuation in March 2012 for $2,370,000.
As an alternative to a freehold sale an attractive lease as a 'sweetheart deal' will be offered.
