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125-129 Esplanade, STRAHAN TAS 7468
Freehold & Business - $1,950,000 plus stock
For Sale
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- PROPERTY DETAILS
- BUILDING DETAILS
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Property Details
- Category:
- Hotel / Leisure
- Floor area:
- 9,190m²
- Parking:
- Land area:
- Property ID:
- 2013392150
- Virtual Tour:
- View Tour
- Updated:
- 29 Mar 2017
Regatta Point Tavern & Holiday Villas
Located in the popular tourist town of Strahan on Tasmania’s West Coast.
Strahan is famous for its Gordon River Cruises, magnificent scenery and harbour views, and the West Coast Wilderness Railway from Strahan to Queenstown.
This quaint little town is a Tasmanian success story growing from a fishing village as recently as 1989 to a major tourist town. The community has jobs and opportunities, confidence and vitality, and money and investment flowing in from Tasmania’s tourism boom.
The property includes a public bar, drive-in bottleshop, dining room, gaming lounge with 10 machines, Keno, TOTE, commercial kitchen, manager’s residence, 4 motel units, 4 cabins and on site sealed parking—all on 3 titles containing 9,190sqm (approx).
There is a parcel of flat land above the tavern and car park which could be developed into more accommodation cabins or units, or for a separate residence (STCA). This elevated site provides magnificent harbour views.
The trade is well diversified with income from accommodation, bars, drive-in bottleshop, meals, functions, TOTE, Keno and gaming machines.
There are only 2 hotels in the town and the Regatta Point Tavern is the only one with gaming machines.
The accounting figures continue to show yearly increases in both revenue and profit.
It is no secret that tourism is booming in Tasmania with 1.17 million visitors coming annually to our State. Tourism Tasmania forecast that this will increase to 1.5 million visitors by the year 2020.
Genuine reason for sale with the Vendor retiring after 40 years in the industry and 30 years at this property.
With a combination of very little competition in the town, a booming tourist trade and great location on the Esplanade, there is no better time to purchase a proven profitable hotel with development prospects. -
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):The rental averages are based on a basket of buildings within that market, according to grade and recent transactions and are a trend indicator only. The high figure is indicative of the average $/sqm for the high floors, and the low is indicative of the average $/sqm of the lower floors. Leasing deals negotiated in 'net' exclude outgoings, whereas 'gross' rents are inclusive of outgoings.$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
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125-129 Esplanade STRAHAN
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