* 10 storey, CBD accommodation hotel located in the heart of Hobart * 131 guest rooms plus restaurant and conferencing - sufficient scale, operationally efficient asset * Has recently undergone a significant refurbishment to reposition the asset - approx. $7m over 4 years * Ideal proximity to Hobart's commercial and leisure demand generators * Major refurbishment completed in 2010/11 * Vacant Possession possibility * Huge scope for trading upside - enjoy post refurbishment lift in rate, occupancy, income * Further expansion potential - plans approved for additional conferencing space plus a rooftop penthouse
Under Instructions from Receivers and Managers Appointed, KordaMentha.
For Sale by Expressions of Interest, closing Thursday 15th November 2012.
Inspections by appointment only. Please contact the exclusive agents listed.
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Purchase price
$
1,234,567
Deposit available
$
123,456
Loan term
30
years
Interest rate
3.00
%
repayments
$0/month*
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