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Brick & Castle - HOBART

153 Risdon Road Lutana, TAS 7009

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153 Risdon Road,
Lutana, TAS 7009

Hotel & Leisure • Other

Price information

Sale

Offer Over $4,600,000

Key property information

Land area

Floor area

Tenure type

Private inspections

to arrange a private inspection.
Brick & Castle - HOBART
Chris Yan
Allen Ong

Brick & Castle - HOBART

2nd Floor, 171 Macquarie Street
HOBART, TAS 7000
Brick & Castle - HOBART
153 Risdon Road
Lutana, TAS 7009

Map of 153 Risdon Road

Directions
  • Bus stops within 5 km of 153 Risdon Road, Lutana, TAS 7009Distance
    Stop 24, No.35 Ashbolt Crescent212 m
    Stop 21a, No.3 Lennox Avenue258 m
    Stop 24, No.34 Ashbolt Cres269 m
    Stop 21a, No.8 Lennox Ave287 m
    Stop 22, No.23 Lennox Avenue352 m
    POWERED BY HERE ©
POWERED BY HERE ©

Freehold or Investment Asset with approved development opportunity!!

Waterfront Lodge, 153 Risdon Road, Lutana 7009 TAS

Here's a unique opportunity to secure a freehold motel that is beautifully positioned, and you can enjoy taking in views of Newtown Bay.
The property is situated along a quiet neighbourly street, within a 5-10-minute drive to the centre of Hobart city and local attractions. As well as the great location, Waterfront Lodge offering 30 guest rooms across 2 levels in the main hotel building and there is also a cottage with an additional 6 en-suite rooms. The property in its entirety consists of 36 en-suite rooms on a 2,597 square metre site.

All the rooms have been recently refurbished and they now offer good standard budget style rooms which make it one of the best value accommodation properties in Hobart. It also has an approved DA for upgrading the reception area.
The amenities of the site include outdoor swimming pool, BBQ area and on-site parking. A communal laundry and kitchen also feature onsite for guest convenience. Similarly, and importantly, the property has the convenience of an on-site managers / caretakers residence.

Key Features:
• Total of 36 guest rooms across main building and cottage
• The building and guest rooms have undergone renovations and improvements over the years
• Excellent returns - currently leased to experienced local operator (Freehold option is available)
• Highly regarded tenant on a 5+5 year lease returning approx. $250,000 plus GST per annum (Freehold option is available)

The asset is for sale for offers over $4.6mil, freehold can be discussed.

You have the opportunity to invest and receive a great return. For further information on this property please contact
Chris Yan - 0435 393 6... chris@brickandcastleproperty.com
Allen Ong - 0432 891 5... allen@brickandcastleproperty.com

Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans, and size, building age and condition). Interested parties should make their own inquiries and obtain their own legal advice.

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Property ID: 504002259Last Updated: 25 May 2022

Brick & Castle - HOBART
2nd Floor, 171 Macquarie Street
HOBART, TAS 7000
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