Accommodation/Tourism for sale
61HL - ICONIC LAUNCESTON PUB WITH 60% RETURN AND A SAFE 24 YEAR LEASE
* A favourite of the 18 to 30 years market.
* So close to the city centre
* Extremely long lease.
* Are you looking for a good time, long time - or both?
Keep doing the 'same old, same old' for the next five years and you'll take away a pre-tax income of well over $1.5 million.
There's even more upside with the backpacker's market offering potentially 26 beds and a chance to run hot from September to April.
Since the suits of China came to Tasmania, the entire island has taken off - there's no stopping it, with direct flights planned for next year - subject to airport development.
Launceston - one of the short break favourites for mainlanders with flights from $29 one way, and a host of AFL teams and their supporters many times, over the 23 week home and away season.
Net profit $346,655 from 1st April 2016 to 31st March 2017
Contact Reg Partington and Annette Adams from Tourism Brokers for further information or to arrange an inspection.
Property ID: 61HF (quote when enquiring)
Location: Launceston is Tasmania's second largest city and has redefined itself as a cultural hub with vibrant cafes, museums and open parkland. Only a quick direct flight from Melbourne, Sydney and Brisbane, Launceston oozes modern refinement and easy charm. Immerse yourself in the city's rich cultural heritage and enjoy a thriving food and wine scene amongst the backdrop of vibrant Georgian streetscapes. The boutique riverside city is located at the head of the picturesque Tamar Valley and boasts magnificent natural attractions including the spectacular Cataract Gorge Reserve and beautiful parks and gardens. Launceston is an ideal base to discover the many natural and historic attractions of the Tamar Valley - without fuss or frenzy.
Greater Launceston has a population of around 100,000. The city has the charm and pace of a regional centre and the facilities of a much larger city, but without the crowding, traffic, litter and crime. Launceston has the freshest air, the healthiest climate, and the wildest places are available right on the city's doorstep.
Property Code: 2476
- Business Category: Accommodation/Tourism
- Business Sub Category: Hotel
- Zoning: Leasehold Hotel