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.
1. The property is a landmark hotel situated in a highly visible location at the entrance to Hobart's CBD.
2. The hotel has 50 rooms and features ground floor dining and reception areas.
3. The property has been extensively refurbished in recent years and is well presented.
4. The sale includes 32 car parking bays and potential for additional income from rooftop signage.
5. The property is being sold subject to a short term lease, making it a rare opportunity for owner operators to acquire a freehold interest.
6. The sale is being conducted through Expressions of Interest, providing interested parties with a flexible and competitive purchasing process.
7. The property is located in a popular tourist destination, offering potential for high occupancy rates and revenue.
8. The hotel's location at the entrance to the CBD provides easy access to popular tourist attractions and amenities.
9. The property has a strong potential for growth and expansion, with the possibility of adding additional rooms or amenities.
10. The sale presents a unique opportunity for investors looking to enter the booming tourism industry in Hobart.
