140-142 North Fenton Street, Devonport, Tasmania

$650,000 + SAV

Property Description

Sunrise Devonport - Priced Reduced to $650,000 - Vendor motivated to sell!

Fantastic location near the beach and Mersey River, and 1km from Devonport CBD
•Includes 33 rooms, reception & office, top class restaurant, 3 bedroom manager’s residence, on site parking for 35 vehicles, guest and staff laundries, and 2 car garage
•Over 18 years left on the lease
•In excellent order, quality 3.5 star motel
•Impressive figures, strong growth, high return on investment
•Devonport is Tasmania’s third largest city and is undergoing the largest urban renewal project ever undertaken in regional Tasmania
•The new “Spirit of Tasmania” ferries arrive in 2021 which will allow an additional 160,000 passengers annually to enter Devonport
•Tasmania’s tourism industry continues to boom with a record 1.3 million visitors in 2018, and on target to reach 1.5 million by 2020. There is no better time to purchase an accommodation facility.

Property Summary

Motel Information

Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -

Marketing Agent

Marketing Agency

Knight Frank

John Blacklow
Knight Frank


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Map Location ( get directions )

140-142 North Fenton Street, Devonport, Tasmania 7310

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Net Income: -
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