East Devonport, Tasmania
Prime waterfront gaming and accommodation hotel.
SOLD
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 of only $83,333
Business Summary
Key Investment Insights
1. Prime waterfront location on the banks of the Mersey River in East Devonport, Tasmania.
2. Includes a public bar, dining room, lounge bar, and gaming lounge with 30 machines and Keno.
3. Large commercial kitchen and gymnasium on site.
4. Also features a conference/function room with satellite kitchen and 42 motel rooms.
5. Plenty of on-site parking and surplus land for potential expansion.
6. Rare opportunity to purchase a large gaming outlet with significant accommodation offering.
7. Multiple potential income sources.
8. Located in Devonport, Tasmania's third largest city.
9. Asking price represents a room value of only $83,333.
10. Exclusive appointment by the Vendors to sell the freehold and business of the Edgewater Hotel.
