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
Key Investment Insights
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.
