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The Iconic Cascade Hotel

22 Cascade Road, SOUTH HOBART TAS, 7004

Sold

Property Sold in 22 Cascade Road, SOUTH HOBART TAS, 7004

Knight Frank Tasmania

5 Victoria Street, Hobart, TAS 7000

Listing ID:
11367737
Status:
Sold
Price:
For Sale
Last Updated:
23/12/2019
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Property Type

Hotel/Leisure
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Land Area

3007 SQM
Icon size

Floor Area

876 SQM
Icon parking

Parking

N/A

The Iconic Cascade Hotel

Located adjacent to St. Johns Hospital in the popular suburb of South Hobart, 2 kilometres from the Hobart CBD.

The Cascade Hotel is one of Hobart's best known establishments with a long history of successful trading. This well known high profile hotel is located adjacent to St Johns Hospital in South Hobart, 2 kilometres (approx) from the Hobart CBD.

Includes a public bar, dining room, drive-in bottle shop, large managers' apartment, 4 accommodation units and a large bitumen sealed car park for 50 vehicles.

The hotel is in good condition with $400,000 being spent in 2016.

Originally constructed C1880, the ground floor has been recently renovated and refurbished with $400,000 being spent in 2016.

Contains two titles with a total land area of 3,007 sqm (approx) and street frontages to both Cascade Road and Wentworth Street.

The hotel has a long history of successful trading and has very little competition in this highly popular suburb.

Current annual rent of $300,000 pa, plus GST, plus outgoings.

For more details, please email agent

Knight Frank Tasmania

5 Victoria Street, Hobart, TAS 7000


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