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 5 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 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
AI generated. Confirm details with the seller.
1. Freehold going concern offered below government valuation at $895,000 plus stock, with vendor finance subject to conditions.
2. Approximately $1.9 million forecast turnover for 2025, with absentee owners and existing management in place.
3. Multiple revenue streams include bar sales, bottle shop, accommodation, Keno, TAB and ten gaming machines.
4. Recently renovated and modernised hotel with strong presentation, local support and popularity among tourists and mine workers.
5. Only TAB outlet in Queenstown, with approximately half the gaming machines owned by the site operator.
6. Includes 12 backpacker rooms, five refurbished ensuite rooms and modern one bedroom managers’ accommodation.
7. Property spans three titles across approximately 2,500 square metres, with 1,150 square metres of buildings.
8. Facilities include a 70 seat bistro, drive through bottle shop, commercial kitchen, cool rooms, workshop, storage and solar panels.
