140-142 North Fenton Street, Devonport, Tasmania
Quality motel in growth city
SOLD
Business Description
Fantastic location near the beach and Mersey River, and 1km from Devonport CBD
includes 33 rooms, reception & office, restaurant (currently closed by choice), 3 bedroom manager's residence, on site parking for 35 vehicles, guest and staff laundries, and 2 car garages
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 2024 which will see an additional 160,000 passengers annually to enter Devonport.
Business Summary
Key Investment Insights
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.
