27-29 Driffield Street, Queenstown, Tasmania
Best Tassie Hotel All Revenue Streams A1 Present FHGC 0/0 $895K +sav Vendor Finance conditions app
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.
Outstanding entry level freehold going concern, in brilliant move, presents extremely well, chance to get into a freehold for the price of a leasehold.
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 $1,900,000 in 2025F/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. Freehold going concern offered at $895K plus SAV, advertised below government valuation, vendor finance available subject to conditions.
2. Projected turnover circa $1.9M for 2025 financial year, with current absentee ownership under management.
3. Property includes bricks and mortar, all plant and equipment, and an on-site modern managers residence.
4. Large site on three titles, approximately 2,500 m2 land and about 1,150 m2 building area, zoned General Business.
5. Recently renovated and modernised presentation, one of only two operating hotels in Queenstown.
6. Diverse revenue streams: main bar, drive-through Duncan’s bottle shop, dining/bistro, accommodation, Keno, Tab outlet, and 10 hotel‑owned gaming machines.
7. Tab outlet is the only one in town, providing competitive exclusivity for wagering customers.
8. Accommodation mix supports labour market demand: 12 backpacker rooms with four bathrooms popular with workers, six refurbished en‑suite rooms, one en‑suite pending upgrade, plus upstairs one‑bedroom managers quarters.
9. Foodservice capacity with a well equipped commercial kitchen and dining room seating about 70 patrons.
10. Onsite infrastructure includes a two‑year‑old Glycol beer system with three fronts and five beers, three cool rooms, workshop and storage.
11. Operational efficiencies and cost savings potential via solar panels already installed.
12. Strong local support and market drivers: booming Queenstown property market, elevated tourism, and positive mining activity indicating sustained demand.
