27-29 Driffield Street, Queenstown, Tasmania
Best Value Tasmanian Hotel All Revenue Streams , Excellent Presentation FHGC 0/0 $895,000 +sav
o/o $895,000+sav
Business Description
This extraordinary opportunity includes a bricks & mortar property, all plant and equipment, 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, priced to sell, will not last.
A completely renovated, updated and modernised hotel, excellent presentation, one of only 2 operating hotels in vibrant Queenstown.
Varied income streams from bar sales, Duncan's bottle shop, accommodation, Keno, Tab and 10 Gaming Machines (owned by the hotel) and well equipped commercial kitchen. Enjoys strong local support, popular with tourists and mine workers.
The accommodation comprises 12 back packer rooms with 4 bathrooms ( very popular with workers), and 6 refurbished en-suite rooms (one still to be upgraded), upstairs very modern one bedroom managers quarters.
Turnover of approximately $1,500,000 in 2024F/Y with absentee owners, under management, this pub is loaded with potential and would show a working couple an excellent ROI.
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 are owned by 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: ----------
INTENDING 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, an established income producing business, and a residence.
2. Queenstown is experiencing a boom in property prices and tourism, making it a desirable location for investment.
3. The purchase price is below government valuation and is priced to sell quickly.
4. The hotel has been completely renovated and modernized, with excellent presentation.
5. The hotel is one of only two operating hotels in Queenstown.
6. The business has multiple revenue streams, including bar sales, a bottle shop, accommodation, Keno, Tab, and gaming machines.
7. The accommodation includes both back packer rooms and refurbished en-suite rooms.
8. The hotel is popular with both locals and tourists, as well as mine workers.
9. The hotel has a turnover of approximately $1,500,000 with absentee owners and has potential for even higher profits under management.
10. The hotel has a large main bar, a dining room/bistro, a drive-through bottle shop, and a solar panel system.
11. The managers' residence is comfortable and modernized.
12. The hotel is the only Tab outlet in town and owns approximately 50% of the gaming machines on site.
13. The property is on three titles, with a large land size and a building area of approximately 1150 m2.
14. The property is zoned for General Business.
15. The hotel has 3 cool-rooms, a workshop, and storage facilities.
16. Interested buyers should contact the listed agents for more information.
17. Buyers are advised to conduct their own investigations and not rely solely on information provided by the vendor.
18. All figures provided are approximate.
