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 sale includes bricks and mortar property, all plant and equipment, established income producing business and residence, offered FHGC for $895K plus SAV, vendor finance conditions apply.
2. Priced below government valuation and marketed as value for money, positioned to sell quickly.
3. Turnover circa $1.9M projected for 2025 FY, currently absentee‑owned and under management, enabling immediate passive income.
4. Completely renovated and modernised presentation, one of only two operating hotels in Queenstown, offering limited local competition.
5. Diverse revenue streams from bar sales, drive‑through bottle shop (Duncan's), accommodation, Keno, Tab outlet (only one in town), and 10 on‑site gaming machines owned by the operator.
6. Accommodation mix suits workers and tourists, comprising 12 backpacker rooms with four bathrooms, six refurbished en‑suite rooms with one still to be upgraded, plus upstairs modern one‑bedroom managers quarters.
7. Strong local support and demand from tourists and mine workers, supported by positive local mining activity and booming tourism.
8. Large main bar with a two‑year‑old glycol beer system (three fronts, five beers), gaming and social entertainment including 8‑ball, darts and jukebox.
9. Dining room/bistro seating for approximately 70 patrons and a well equipped commercial kitchen, supporting foodservice revenue.
10. Property scale and facilities include three titles, land approximately 2,500 m2, building area about 1,150 m2, zoned General Business, three cool‑rooms, workshop and storage.
11. Solar panels installed, contributing to operating cost efficiencies and sustainability credentials.
12. Opportunity for active owners or a working couple to increase
