79 Main Street, Bridport, Tasmania
Outstanding Leasehold Opportunity – Bridport, Tasmania
By Offer
Business Description
Elders Commercial is pleased to offer the leasehold of one of Tasmania’s premier coastal hotel operations, superbly located in the heart of Bridport on the sought-after north-east coast — home to the internationally renowned Barnbougle and Lost Farm golf courses.
This substantial two-storey hotel presents an exceptional investment opportunity, comprising:
- Public bar, featuring inviting external timber decks
- Dining room, expansive function room, and a dedicated gaming lounge with 15 gaming machines.
- Fully equipped commercial kitchen and drive-in bottleshop
- 11 accommodation rooms, Keno, UBET facilities, and a manager’s flat
- Ample on-site sealed parking
Key Investment Highlights:
- Secure long-term lease with a new 7-year option just taken. Prospective purchasers may be able to negotiate longer term.
- Strong annual turnover averaging in the high $2m's over the last three trading years.
- Centrally positioned as Bridport’s primary 'local' hotel.
- High net return on investment available, supported by strong trading history.
The current owners have operated since 2021, and are now looking to relocate to the mainland.
Please contact Fletcher Seymour or Rodney Rawlings for more information.
Business Summary
Key Investment Insights
1. Prime location in the heart of Bridport, Tasmania, home to internationally renowned golf courses.
2. Substantial two-storey hotel with a range of facilities including a public bar, dining room, function room, gaming lounge, commercial kitchen, and drive-in bottleshop.
3. 11 accommodation rooms, Keno, UBET facilities, and a manager's flat.
4. Ample on-site sealed parking.
5. Secure long-term lease with a new 7-year option.
6. Strong annual turnover averaging in the high $2m's over the last three trading years.
7. Centrally positioned as Bridport's primary 'local' hotel.
8. High net return on investment available, supported by strong trading history.
9. Current owners have operated since 2021 and are looking to relocate to the mainland.
10. Potential for negotiation of longer lease term.
11. Opportunity for further growth and development in the popular tourist destination of Bridport.
