Fantastic location near the beach and Mersey River, and 1km from Devonport CBD
- Includes 33 rooms, reception & office, top class restaurant, 3 bedroom manager’s residence, on site parking for 35 vehicles, guest and staff laundries, and 2 car garage.
- Over 18 years left on the lease.
- In excellent order, quality 3.5 star motel.
- Impressive figures, strong growth, high return on investment.
- Devonport is Tasmania’s third largest city and is undergoing the largest urban renewal project ever undertaken in regional Tasmania.
- The new “Spirit of Tasmania” ferries arrive in 2021 which will allow an additional 160,000 passengers annually to enter Devonport.
- Tasmania’s tourism industry continues to boom with a record 1.3 million visitors in 2018, and on target to reach 1.5 million by 2020.
- There is no better time to purchase an accommodation facility.
One of the best leasehold motels in the state with a high net return on the investment of $650,000.
- Vendors motivated to sell!!
For more details, please email agent