Address available on request,
Invermay, TAS 7248
Hotel, Motel & Leisure
Key property information
Floor area
Sold on
Map
Freehold & Business
This well known 'local' is situated in a busy commercial area close to the CBD, the recently redeveloped York Park (AFL Games) and the substantial Inveresk Complex.
Includes public & lounge bars, commercial kitchen, drive-in bottleshop, large residence, 4 accommodation rooms and sealed car park.
In 2004 the hotel was substantially refurbished and modernised.
The public and lounge bars now have large glass windows overlooking the streets.
The drive-in bottleshop is one of the best in Launceston.
The coolroom is large, the access is easy and the two drive-in lanes are under cover.
The residence is very large and ideally suited for family occupation.
Currently 4 of the rooms are let to permanent boarders.
Current annual turnover is around $1.1 million and does not include accommodation revenue or meal trade.
Latest figures show continued growth whereby turnover is headed for $1.3 million for 2005/06.
The hotel is operated under management and the interstate owner is keen to sell due to health problems. The purchase is highly recommended by the sole selling agents.
The asking price of $880,000 is the same as a recent independant valuation.
Alternatively a 15 year lease is availalbe for only $115,000 with an annual rental of $84,000 (less than 7% of turnover).
Includes public & lounge bars, commercial kitchen, drive-in bottleshop, large residence, 4 accommodation rooms and sealed car park.
In 2004 the hotel was substantially refurbished and modernised.
The public and lounge bars now have large glass windows overlooking the streets.
The drive-in bottleshop is one of the best in Launceston.
The coolroom is large, the access is easy and the two drive-in lanes are under cover.
The residence is very large and ideally suited for family occupation.
Currently 4 of the rooms are let to permanent boarders.
Current annual turnover is around $1.1 million and does not include accommodation revenue or meal trade.
Latest figures show continued growth whereby turnover is headed for $1.3 million for 2005/06.
The hotel is operated under management and the interstate owner is keen to sell due to health problems. The purchase is highly recommended by the sole selling agents.
The asking price of $880,000 is the same as a recent independant valuation.
Alternatively a 15 year lease is availalbe for only $115,000 with an annual rental of $84,000 (less than 7% of turnover).
Additional information
External websites
Invermay, 7248 demographic data
The median household income for Invermay is $1,128, 8% lower than Regional Tasmania's household income of $1,225. Invermay has a younger age profile compared to the rest of Regional Tasmania (median age 33 vs 45). Property ownership data shows 48% of property owners in Invermay have a mortgage.
3,498
Population
$1,128 per week
Median household income
33 years
Median age
Renters
Most residents
Families
Most households
03 6220 69...
Address available on request
Invermay, TAS 7248
Elders Real Estate - Hobart5 Victoria Street
HOBART, TAS 7000
HOBART, TAS 7000
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