Launceston, Tasmania

TASMANIA IS HOT, HOT, HOT!!! - 2608MF

FREEHOLD $4,998,000

Business Description

- Great Freehold Option in central Launceston.

- 32 rooms of varying configuration.

- Solid brick building with maintenance up to date.

- Good parking, no ground maintenance, no pool.

- 5 minutes walk to City Park, restaurants, pubs and 10 minutes walk to James Boag Brewery.

- 2 bedroom residence attached to reception for ease of operation.

Tasmania is a popular tourist destination with numbers only getting better. Here is your chance to capitalise on this hot market and take this business to the next level by increasing tariffs and onsite guest facilities. This is a well maintained property with potential for a hands on owner to improve the bottom line and secure your future. Located in central Launceston within walking distance to everything you or your guests could require.

The property is easily run by a single person or a couple with good cleaning staff in place. The rooms are modern, clean and comfortable and the property overall presents to a very comfortable standard. Regular Government contracts assist the property in maintaining good numbers.

Good sized freehold properties are hard to come by and our absent owners have priced their asset correctly to get an immediate sale.

Don’t hesitate as you will miss out!

Net Profit: $713,488 for 2023 May – 2024 April

Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2608MF (quote when enquiring)

Property Code: 4974

Business Summary

Marketing Agent
Tony Johnson
Tony Johnson

Key Investment Insights

1. Prime location in central Launceston, within walking distance to popular attractions, restaurants, and pubs.
2. 32 well-maintained rooms with varying configurations.
3. Solid brick building with up-to-date maintenance.
4. Good parking and no ground maintenance or pool, making it easy to manage.
5. 2-bedroom residence attached to reception for convenience.
6. Strong potential for growth by increasing tariffs and adding onsite guest facilities.
7. Located in a hot market with increasing tourist numbers.
8. Easy to run with existing cleaning staff in place.
9. Regular government contracts contribute to stable occupancy rates.
10. Priced correctly for a quick sale, making it a great opportunity for potential buyers.
Listing location

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