Hotel, 73 Collins Street, Hobart, Tasmania
Iconic CBD Freehold Hotel Investment
SOLD
Business Description
• 3 level Hotel in the Hobart CBD.
• Very close to the Hobart Mall, “H&M” department store, Cat & Fiddle Arcade, Trafalgar retail and car park complex.
• Lease-back to prominent, well known hoteliers.
• In excellent condition throughout - recent major upgrades.
• Business includes gaming machines - proposed new legislation will provide further upside to the hotel.
• The Central Hotel Hobart, previously known as the ‘Ship Hotel’ is Hobart’s city’s best known hotel with a long successful history dating back to 1819.
• Annual Rent $450,000 plus GST.
Reluctant Sale - Partnership dissolution.
Business Summary
Key Investment Insights
1. Prime location in the Hobart CBD, close to popular shopping and entertainment destinations.
2. Lease-back arrangement with experienced and well-known hoteliers.
3. Recently renovated and in excellent condition.
4. Includes gaming machines, with potential for further revenue growth under proposed new legislation.
5. Long and successful history dating back to 1819.
6. Annual rent of $450,000 plus GST.
7. Reluctant sale due to partnership dissolution.
