Sheffield, Tasmania

Freehold or Leasehold The 'Iconic' Sheffield Hotel

SOLD

Business Description

Great location in the town centre of Sheffield – the “town of murals” – one of Tasmania’s premier tourist towns, 23 kilometres from Devonport.

Includes public bar, bottleshop, two dining rooms, function room, 5 accommodation rooms, manager’s residence, office, front and rear beer gardens, large car park and vacant commercial building.

Impressive figures, with a long history of successful trading. Current annual revenue is around $3 million.

No hotel competition in Sheffield.

Freehold owners selling after 42 years of ownership and the tenants retire in October 2023 after 20 years, when vacant possession will become available.

Freehold & Business available for the sum of $3.1 million (plus stock), or alternatively, a long term lease for the sum of $400,000 (plus stock).

Business Summary

Marketing Agent
Nick Bond
Nick Bond

Key Investment Insights

AI generated. Confirm details with the seller.

1. Prime location in the town centre of Sheffield, a popular tourist destination.
2. Includes a range of facilities such as a public bar, bottleshop, dining rooms, function room, accommodation rooms, and more.
3. Impressive figures and a long history of successful trading, with current annual revenue of $3 million.
4. No hotel competition in the area, providing a unique opportunity for potential buyers.
5. Freehold owners have been in ownership for 42 years and tenants for 20 years, demonstrating stability and longevity.
6. Vacant possession will become available in October 2023, providing flexibility for new owners.
7. Freehold and business available for $3.1 million, with the option of a long-term lease for $400,000.
8. Potential for growth and expansion in a thriving tourist town.
9. Manager's residence and office included in the sale, providing convenience for on-site management.
10. Large car park and vacant commercial building offer potential for additional revenue streams.
Listing location

This Business is sold

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Hotels For Sale

You may also like

Caretaking Only!!!
East Coast Corporate FHGC Motel
Calling All Developers - Potential Plus
Freehold Motel with Licensed Restaurant & Bar | Regional WA | 60+ rooms | fully under management
Far North Queensland Coastal Tropical Caravan Tourist Park - 896CPF
Exclusive - Highly Passive Business Only 1.85 Multiplier - ID 9238
AN EXCITING OPPORTUNITY WHERE TRAVEL IS INCLUDED – 13CL
Robina Permanent Management Rights – Strong Income, Long Tenure, Flexible Operation
A Rare Opportunity to Aquire a Luxurious and Highly Profitable Management Rights Business
Blue Chip Management Rights with the Ocean at Your Doorstep
Townsville Permanent Management Rights Opportunity, No Real Estate to Purchase
FREEHOLD MOTEL WITHIN 2.5 HOURS OF BRISBANE – 2290MF
Own the Land. Grow the Income. Live the Lifestyle. | Resort Brokers ID : FH009355
Secure a Rare Passive Investment in a Prime Eyre Highway Location | Resort Brokers ID : INV009348
A little Noosa luxury. A very smart next move. | Resort Brokers ID : MR009351
LIFESTYLE FLEXIBILITY IN TWEED HEADS WITH NO ONSITE REQUIREMENT + SERIOUS UPSIDE | Resort Brokers ID : MR009347
Add On Caretaking!!
Lakeview Caravan Park Coombabah