East Devonport, Tasmania
Prime waterfront gaming and accommodation hotel.
Business Description
Knight Frank Tasmania has been exclusively appointed by the Vendors to sell the freehold and business of the Edgewater Hotel.
Fantastic location on the banks of the Mersey River in East Devonport - Devonport - Tasmania's 3rd largest city.
The property includes a public bar, dining room seating 70, large commercial kitchen, lounge bar and reception, gaming lounge with 30 machines and Keno, gymnasium, large conference/ function room with satellite kitchen, motel section with 42 rooms and plenty of on-site parking and surplus land.
The Edgewater Hotel provides a rare opportunity to purchase a large gaming outlet with a significant accommodation offering, and multiple potential income sources.
Asking price represents a room value at only $83,333
Business Summary
Key Investment Insights
1. Prime waterfront location on the banks of the Mersey River in East Devonport, Tasmania's 3rd largest city.
2. Includes a public bar, dining room, lounge bar, gaming lounge with 30 machines and Keno, gymnasium, conference/function room, and 42 motel rooms.
3. Large commercial kitchen and satellite kitchen for events and functions.
4. Plenty of on-site parking and surplus land.
5. Rare opportunity to purchase a large gaming outlet with significant accommodation offering.
6. Potential for multiple income sources.
7. For sale by Expressions of Interest, providing flexibility for potential buyers.
8. Located in a popular tourist destination, with potential for high occupancy rates.
9. Strong potential for growth and development with the right management and marketing strategies.
10. Exclusive appointment by the Vendors, indicating a high level of trust and confidence in the sale process.
