Rare opportunity to get involved in the expanding tourism sector with a property offering so much potential.
Located on one of the major tourism routes, the Arthur Highway, on your way to Port Arthur, with beautiful water frontage views of Stingaree Bay.
This is more than an opportunity to purchase a large motel, it has future capital growth, with a land holding of approximately 25 acres, with lapsed approval for further development of 33 rooms, 11 existing 2 bedroom suites could be strata titled, The existing complex only occupies about 5 acres, leaving about 20 acres STCA to develop or subdivide.
The existing complex comprises 28 motel rooms and 11 apartments, approx 120 seat restaurant and bar, commercial kitchen, reception and office, 3 bedroom managers quarters, bottle shop and a function room.
The current owners have recently upgraded the floor coverings, installed new split systems in all rooms and constructed new decking.
The Motel has historically generated a turnover of around $1.6 million, run by an experienced operator the turnover could certainly exceed $2 million annually.
Freehold going concern Tasmanian motels are hard to come by, particularly in the South, certainly with this amount of untapped potential.
Don't delay, book an inspection with our professional Motel brokers today.
Call Praveen Pant on 0432 256 682 or contact Paul Scott on 0477 771 098 email: pauls@tasbps.com.au/ praveenp@tasbps.com.au
INTENDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF. NOTE: All figures are approximate.
Property Code: 726
