The Offer
This excellent freehold motel is on offer for sale as a going concern, and the content of the cottages and studios is offered on walk-in walk-out basis. The current owners will train an incoming owner before fully retiring. This property is priced to sell at well below value, and the vendors are keen to retire. Contact us to organise an inspection to appreciate truly what this property and location have to offer.
The Property
This solid brick motel is situated on three adjacent titles totalling 2937 sqm. The first title has two attached studio apartments, a large shed and two smaller sheds. The second title has three cottages, as well as a guest laundry and guest BBQ. The third title has the manager’s residence, a large shed and external laundry.
The manager's residence has three good sized bedrooms, two living areas, a dining area, kitchen, separate walk in pantry, bathroom (with bath and separate shower) and separate toilet. It also contains the office/reception.
The three cottages each have two bedrooms, a combined living, dining and kitchen area, and bathroom. The two studios are large and contain a fully equipped kitchen.
The Business
The business has been in operation since 1998, and it has been in the hands of the current owners since 2007. It is a very easy business to run with a good return on investment regarding capital and time invested. The current owners run the business without external help and enjoy an easy lifestyle. The business has very good visibility, great online reviews and is well positioned to enjoy the growth in tourism to the area. Turnover in 2014/2015 was healthy at $126k with adjusted profits of $71k.
The Location
Masons Cottages is located on the popular Tasman Peninsula just ten km from the famous Port Arthur Penal Settlement. It is easily accessed from Hobart being 70 km by road from the Hobart Airport and 86 km by road from the Hobart CBD.
The property is located 10 km from The Tasman Peninsula's most famous landmark, the Port Arthur Penal Settlement. It is located a short distance from other well-known places such as the Tasman Arch and Devils Kitchen, the Eaglehawk Neck Dog Line, the Tessellated Pavement, Ship Sterns Bluff (home of the "big waves" for surfers), and the Saltwater River Convict Coal Mines site. There are several bush walks, from easy to quite difficult, including one of Tasmania's best-known bush walks to Cape Huay.
