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 priced at $895,000 plus stock, reportedly below government valuation, with vendor finance available subject to conditions.
2. Approximately $1.9 million turnover reported for the 2025 financial year, operating under management with absentee owners.
3. Diverse revenue streams include bar sales, Duncan’s bottle shop, accommodation, Keno, TAB and 10 gaming machines.
4. One of only two operating hotels in Queenstown and the town’s only TAB outlet.
5. Strong local support complemented by popularity with tourists and mine workers.
6. Renovated and modernised hotel with approximately 1,150 square metres of building area across three titles totalling approximately 2,500 square metres.
7. Accommodation includes 12 backpacker rooms with four bathrooms and five ensuite rooms, with one ensuite room still requiring upgrading.
8. Modern one bedroom manager’s residence provides onsite accommodation for an incoming operator.
9. Dining room seats approximately 70 patrons, supported by a well equipped commercial kitchen.
10. Drive through bottle shop, three coolrooms, workshop and storage support established operations.
11. Solar panels and a two year old glycol beer system are included in the hotel’s infrastructure.
