40 Brooker Avenue, Hobart, Tasmania

Outstanding Tourism Opportunity

Business Description

We are pleased to present this outstanding tourism opportunity to the market. The "Fountainside Hotel" is a landmark property situated on a highly visible site at the entrance to Hobart's CBD. The property comprises a 50 room hotel, ground floor dining and reception areas, plus 32 car parking bays and is very well presented throughout having been extensively refurbished in recent years.

The property is being sold subject to a short term lease, and thus provides a rare opportunity for owner operators to acquire a freehold interest in a landmark CBD hotel. There is also potential for additional significant income from the large rooftop signage.

The property is being sold via Expressions of Interest closing Thursday, 16 May 2024.

Business Summary

Marketing Agent
Matthew Wallace
Matthew Wallace

Key Investment Insights

1. Highly visible location at the entrance to Hobart's CBD
2. Landmark property with 50 room hotel and ground floor dining and reception areas
3. Extensively refurbished in recent years
4. Includes 32 car parking bays
5. Potential for additional significant income from large rooftop signage
6. Rare opportunity for owner operators to acquire a freehold interest in a CBD hotel
7. Short term lease in place, providing potential for immediate income
8. Being sold via Expressions of Interest, providing flexibility for potential buyers
9. Potential for growth and expansion in the tourism industry in Hobart
10. Strong potential for high occupancy rates and consistent revenue.
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