38 Queen Street, Burnie, Tasmania
Former Motel Facility - Edge of the CBD - Sweeping Bass Strait Views
Business Description
Elders Commercial are delighted to offer for sale this existing motel facility located at the edge of the Burnie CBD.
The property is adjacent to existing residential uses and is within a short walking distance to major retail, office, cultural and community facilities. The site provides ample views of the CBD and ocean and benefits from being located in a precinct considered to be one of Burnie's premier 'blue chip' residential locations.
38 Queen Street, Burnie has previously been operated as 'Wellers Inn' and in recent years has been leased to the Tasmanian State Government in addition to casual seasonal letting to the agricultural industry.
The property, situated on a prime residential allotment of 3,103 sqm* overlooks the Burnie CBD and the Bass Strait and is being sold with vacant possession and incorporates significant built improvements and fit out including 24 motel style rooms, a self-contained one bedroom flat, 3-bedroom managers residence and substantial restaurant, function room and commercial kitchen.
Significant opportunity exists to review the refurbishment or repositioning of this asset for alternate use or re-development (STCA).
For further information or to arrange an inspection, please contact Elders Commercial.
Business Summary
Key Investment Insights
1. Prime location at the edge of the Burnie CBD with sweeping views of the Bass Strait.
2. Adjacent to existing residential uses and within walking distance to major retail, office, cultural, and community facilities.
3. Considered one of Burnie's premier 'blue chip' residential locations.
4. Previously operated as 'Wellers Inn' and leased to the Tasmanian State Government.
5. Situated on a large residential allotment of 3,103 sqm.
6. Includes 24 motel style rooms, a self-contained one bedroom flat, 3-bedroom managers residence, and a substantial restaurant, function room, and commercial kitchen.
7. Potential for refurbishment or repositioning for alternate use or re-development (STCA).
8. Being sold with vacant possession.
9. Significant opportunity for investors or developers.
10. For further information or to arrange an inspection, contact Elders Commercial.
