27-35 Driffield Street, Queenstown, Tasmania
Railway Hotel best Value Hotel in Tasmania $800,000 wiwo Vendor Finance
SOLD
Business Description
This extraordinary opportunity includes a bricks & mortar property, all plant and equipment, all stock with a value of approx $50,000 , an established income producing business and residence. Queenstown is booming, property prices are sky rocketing, tourism activity is higher than ever and mining activity is very positive.
This is a value for money purchase, selling below government valuation.
A completely renovated, updated and modernised hotel, excellent presentation, one of only 3 operating hotels in vibrant Queenstown.
Varied income streams from bar sales, Thirsty Camel bottle shop, accommodation, Keno, Tab and 10 Gaming Machines (owned by the hotel) and well equipped kitchen ready to go. Enjoys strong local support, popular with tourists and mine workers.
The accommodation comprises 12 back packer rooms( two currently used for storage), serviced by 4 bathrooms and 6 refurbished ensuite rooms, upstairs one bedroom managers quarters.
Turnover of approximately $950,000 in 2022F/Y with absentee owner, this pub is loaded with potential and would show a working couple an excellent ROI.
The owner will consider vendor finance to an a qualified buyer, on approx 1/3 deposit, terms to be negotiated.
With the following salient features
*Large main bar, with two year old Glycol beer system with 3 fronts and 5 beers, 8 ball, darts and juke box.
* Dining room/Bistro can comfortably seat about 70 patrons.
*Drive through bottle shop
*Solar panels installed
* Comfortable and modernised managers residence.
*Only Tab outlet in town, Gaming machines after the 1st of July will return the site operator/owner approximately 50%
* On three titles, land size approximately 2,500 m2, with a building area of about 1150 m2, zoned General Business.
* 3 Cool-rooms, workshop and storage.
If you have been looking for a brilliant opportunity please contact Paul Scott on ---------- Praveen Pant 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. The business for sale includes a property, all equipment and stock, an established income producing business, and a residence.
2. Queenstown is experiencing a boom in property prices and tourism activity, making it a desirable location for investment.
3. The hotel is selling below government valuation, making it a value for money purchase.
4. The hotel has been completely renovated and modernized, with excellent presentation.
5. The hotel has multiple income streams, including bar sales, bottle shop, accommodation, Keno, Tab, and gaming machines.
6. The accommodation includes 12 back packer rooms and 6 refurbished ensuite rooms, as well as a one bedroom manager's quarters.
7. The hotel has a turnover of approximately $950,000 in 2022F/Y with absentee owner, showing potential for even higher profits with a working couple.
8. The owner is willing to consider vendor finance for a qualified buyer, with terms to be negotiated.
9. The hotel has a large main bar, dining room/bistro, drive-through bottle shop, solar panels, and a modernized manager's residence.
10. The hotel is the only Tab outlet in town and will receive approximately 50% of gaming machine profits after July 1st.
11. The property is on three titles, with a land size of approximately 2,500 m2 and a building area of 1150 m2, zoned General Business.
12. The hotel has 3 cool-rooms, a workshop, and storage facilities.
13. Interested buyers should contact Paul Scott or Praveen Pant for more information.
14. All figures are approximate and interested buyers should conduct their own investigations and inquiries.
