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 at $895,000 plus stock, with vendor finance available subject to conditions.
2. Approximately $1.9 million forecast turnover for 2025, achieved with absentee owners and under management.
3. Multiple revenue streams include bar sales, bottle shop, accommodation, Keno, TAB and ten gaming machines.
4. Completely renovated and modernised hotel with strong presentation and only two operating hotels in Queenstown.
5. Accommodation includes 12 backpacker rooms, five refurbished ensuite rooms and modern one bedroom managers’ quarters.
6. Site includes a 70 seat dining room, commercial kitchen, drive through bottle shop, cool rooms, workshop and storage.
7. Situated on approximately 2,500 square metres across three titles, with about 1,150 square metres of buildings.
8. Queenstown benefits from tourism activity, mining activity, popular worker accommodation and strong local support.
