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Quality Motel in Growth City

140 North Fenton Street, DEVONPORT TAS, 7310

Sold

Property Sold in 140 North Fenton Street, DEVONPORT TAS, 7310

Knight Frank Tasmania

5 Victoria Street, Hobart, TAS 7000

Listing ID:
11342399
Status:
Sold
Price:
Priced reduced to $650,000. Business Only - Motivated Vendor
Last Updated:
23/12/2019
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Property Type

Hotel/Leisure
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Land Area

4277 SQM
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Floor Area

4277 SQM
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Parking

N/A

Quality Motel in Growth City

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

Knight Frank Tasmania

5 Victoria Street, Hobart, TAS 7000


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