Key Investment Insights
AI generated. Confirm details with the seller.
1. Prime location near the beach and Mersey River, with easy access to the CBD.
2. Established business with 33 rooms, reception & office, and on-site parking for 35 vehicles.
3. Includes a restaurant (currently closed by choice) and a 3 bedroom manager's residence.
4. Located in Devonport, Tasmania's third largest city.
5. Devonport is undergoing a major urban renewal project, indicating potential for future growth.
6. The new "Spirit of Tasmania" ferries arriving in 2024 will bring an additional 160,000 passengers annually.
7. Potential for increased revenue and occupancy with the influx of tourists from the new ferries.
8. Well-maintained property with guest and staff laundries and 2 car garages.
9. Opportunity for new owners to re-open the restaurant and potentially increase revenue.
10. Strong potential for growth and profitability in the future.
