2 Ferry Blvd, George Town, Tasmania
Leasehold Gym Brand New Setup With 5 Motel Rooms Fully Licensed Restaurant and Gym
SOLD
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) generated approx. $150k in net revenue for FY2025 (11 months). 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.
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 George Town, Tasmania
2. Multiple revenue streams including a fully licensed restaurant, 24/7 gym, holiday rental income, and a marina with 24 berths
3. Strong reputation for hospitality and a fully renovated premises
4. Long lease with options extending until 2043
5. Potential for additional income through events and personal training services
6. Gym income alone covers more than the total rent
7. Accommodation rooms with stunning Tamar River views generating approximately $150k in net revenue for FY2025
8. Potential for new owners to live in one of the apartments
9. Spacious restaurant with potential to cater for events such as weddings
10. Opportunity for new owners to use Gym Master software to sell classes to members
11. Confidentiality agreement required for more information
12. Purchasers to conduct their own investigations and enquiries in relation to the business.
