Tall Timbers Tasmania, 5 - 13 Scotchtown Road,
Smithton, TAS 7330
Hotel, Motel & Leisure
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Elders Real Estate - Hobart
5 Victoria StreetHOBART, TAS 7000
Tall Timbers Tasmania, 5 - 13 Scotchtown Road
Smithton, TAS 7330
Map of Tall Timbers Tasmania, 5 - 13 Scotchtown Road
Magnificent multi award-winning resort complex
- Hotel facilities and 67 quality units
- High accommodation revenue
- Strong tourist precinct
Nestled in the heart of Smithton, Tall Timbers Hotel is a unique and picturesque complex that offers a serene and peaceful escape for locals and tourists.
This expansive estate, which spans over 10.73* hectares of lush pasture, lakes and creeks, is home to a range of facilities and amenities, including luxury accommodation, and dining options.
In addition to the 67 rooms and hotel facilities, the hotel offers a range of recreational activities such as 2 tennis courts, a gym, and a leisure centre with indoor heated pool.
Since 2005, the owners embarked on an expansion and renovation program costing over $5m*.
The figures are continuing their upward trajectory, with an increase in hotel occupancy, plus advantageous changes to the gaming legislation in July 2023. Current figures indicate 2024 projected revenue at around $7 million.
The hotel was constructed in 1990 and has been owned by the same family for 34 years.
There is little doubt that this multi award winning acquisition is a trophy asset and is in magnificent condition throughout.
The asking price of offers over $8.6 million (plus stock) represents a room value of only $128,358 which is well below market for such a quality 4-star property.
*approximate
This expansive estate, which spans over 10.73* hectares of lush pasture, lakes and creeks, is home to a range of facilities and amenities, including luxury accommodation, and dining options.
In addition to the 67 rooms and hotel facilities, the hotel offers a range of recreational activities such as 2 tennis courts, a gym, and a leisure centre with indoor heated pool.
Since 2005, the owners embarked on an expansion and renovation program costing over $5m*.
The figures are continuing their upward trajectory, with an increase in hotel occupancy, plus advantageous changes to the gaming legislation in July 2023. Current figures indicate 2024 projected revenue at around $7 million.
The hotel was constructed in 1990 and has been owned by the same family for 34 years.
There is little doubt that this multi award winning acquisition is a trophy asset and is in magnificent condition throughout.
The asking price of offers over $8.6 million (plus stock) represents a room value of only $128,358 which is well below market for such a quality 4-star property.
*approximate
Property ID: 504534944Last Updated: 2 May 2024
Elders Real Estate - Hobart5 Victoria Street
HOBART, TAS 7000
HOBART, TAS 7000
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