2 Ferry Blvd, George Town, Tasmania
FANTASTIC PASSIVE INVESTMENT MOTEL RESTAURANT CAFE NET RENTAL INCOME $104,000 PA
O/O $1,990 Million
Business Description
Passive Rental Income
We are excited to offer an outstanding passive investment opportunity in the booming country town of the Northern Tasmanian region.
York Cove Motel, also popularly known in the past as Crazy Duck Restaurant, is a venue overlooking the beautiful York Cove, marina and Tamar River.
New tenant is opening the venue, long lease in place.
The property has the following unique features:
>Maginificent unbeatable views.
>New Restaurant opening-Comprises of approx 120-seat restaurant.
>Accommodation- 2 self contained & 3 studio apartments.
>Large conference room.
>Outdoor swimming pool.
>Marina.
>Significant improvements are being made on the property.
Asking offers over $1,990 Million.
If you are looking for a passive investment opportunity then look no further, some vendor finance is available for qualified investors.
Lodge an enquiry or email our professional business brokers for an inspection. Phone Praveen Pant ---------- or contact Paul Scott at ---------- email: ----------
INTENDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF.
NOTE: All figures are approximate.
Business Summary
Key Investment Insights
1. Passive investment opportunity in a booming country town in Northern Tasmania.
2. Property overlooks beautiful York Cove, marina, and Tamar River.
3. New tenant opening a 120-seat restaurant with long lease in place.
4. Accommodation includes 2 self-contained and 3 studio apartments.
5. Large conference room and outdoor swimming pool on the property.
6. Significant improvements being made on the property.
7. Asking price of over $1,990 Million.
8. Vendor finance available for qualified investors.
9. Professional business brokers available for inspection and inquiries.
10. Purchasers advised to conduct their own investigations and not rely on statements made by the vendor.
11. All figures are approximate.