2 Ferry Blvd, George Town, Tasmania
Leasehold Waterfront Motel Brand New Setup 5 Rooms Fully Licensed Restaurant and Gym
$300,000 ONO
Business Description
Located at the picturesque York Cove in George Town, Tasmania, this established venue presents a unique opportunity for those seeking a multi-faceted business with a strong reputation for hospitality.
The property includes a fully licensed fine dining restaurant, 5 accommodation rooms, a gym, and a swimming pool all included under the lease.
The current tenant has paused operations of the restaurant due to other commitments but continues to run the additional income-generating facilities.
This recently renovated leasehold business is perfect for anyone looking to invest in a versatile property offering multiple revenue streams, all supported by a stellar reputation.
Key Highlights:
Prime Water Frontage
24/7 Gym with FOB access and approximately 190 members income from the gym alone covers more than the total rent
120-Seat Fully Licensed Restaurant
Holiday Rental Income: 5 rooms (3 deluxe rooms + 2 self-contained 2-bedroom apartments with stunning Tamar River views). New owners could even choose to live in one of the apartments.
Swimming Pool
Marina-with 24 berths, rented at $275 a month or $2750 yearly. Potential to generate an income of approx $75,000 pa.
Long Lease with options extending until approximately September 2043, with rent around $2,204 per week + GST + outgoings
Fully Renovated Premises
Spacious restaurant offers an opportunity to cater for events such as weddings. Gym could generate more income if the new owners want to source personal trainers etc and use their Gym Master software to sell classes to the members.
This could be your perfect hospitality adventure in the new year 2025. Enquire and fill out a confidentiality agreement for more information.
Asking $300,000 ONO To arrange an inspection-Contact Praveen Pant on ---------- or contact Paul Scott on ---------- email: ---------- NDING 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. Prime waterfront location in picturesque York Cove, George Town, Tasmania.
2. Multi-faceted business with a strong reputation for hospitality.
3. Fully licensed fine dining restaurant with 120 seats.
4. 24/7 gym with approximately 190 members, generating income that covers more than the total rent.
5. 5 accommodation rooms, including 3 deluxe rooms and 2 self-contained 2-bedroom apartments with stunning Tamar River views.
6. Potential to live in one of the apartments.
7. Swimming pool for guests to enjoy.
8. Marina with 24 berths, generating potential income of approximately $75,000 per year.
9. Long lease with options extending until approximately September 2043.
10. Fully renovated premises.
11. Spacious restaurant with potential to cater for events such as weddings.
12. Opportunity to generate more income from the gym by sourcing personal trainers and using Gym Master software to sell classes to members.
13. Asking price of $300,000 ONO.
14. Confidentiality agreement required for more information.
15. Purchasers are encouraged to conduct their own investigations and inquiries in relation to the business.
16. All figures are approximate.
