2 Ferry Blvd George Town TAS 7253
O/O $1.990 Million
SUMMARY
Fantastic Passive Investment Motel Restaurant Cafe Net Rental Income $104,000 pa
PROPERTY DETAILS
- Price
- O/O $1.990 Million
- Listing Type
- Commercial For Sale
- Property Type
- Hotel/Leisure, Land/Development
- Method of Sale
- Contact Agent
DESCRIPTION
Passive Rental IncomeWe are excited to offer an outstanding passive investment opportunity in the booming country town of the Northern Tasmanian region.
York Cove Motel, also popularly known in the past as Crazy Duck Restaurant, is a venue overlooking the beautiful York Cove, marina and Tamar River.
New tenant is opening the venue, long lease in place.
The property has the following unique features:
>Magnificent unbeatable views.
>New Restaurant opening-Comprises of approx. 120-seat restaurant.
>Accommodation- 2 self contained & 3 studio apartments.
>Large conference room.
>Outdoor swimming pool.
>Marina.
>Significant improvements are being made on the property.
Asking O/O $1.990 Million.
Australia's 3rd oldest city is George Town, which is known for its beaches, coral reefs, historical buildings, MTB trials and more.
If you are looking for a passive investment opportunity then look no further, some vendor finance is available for qualified investors. Lodge an enquiry or email our professional business brokers for an inspection. Phone Praveen Pant Reveal Phone or contact Paul Scott at Reveal Phone email: Visit Website
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.
Property Code: 1081
INFORMATION
- New or Established
- Established
- Land size
- 7619 sq m
