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Regatta Point Tavern & Holiday Villas

125-129 Esplanade, STRAHAN TAS, 7468

For Sale

Property for Sale in 125-129 Esplanade, STRAHAN TAS, 7468

Knight Frank Tasmania

5 Victoria Street, Hobart, TAS 7000

Listing ID:
11223984
Status:
Active
For:
Sale
Price:
Freehold & Business - $1,950,000 plus stock
Last Updated:
26/02/2020
Icon building

Property Type

Hotel/Leisure
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Land Area

N/A
Icon size

Floor Area

9190 SQM
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Parking

N/A

Regatta Point Tavern & Holiday Villas

Located in the popular tourist town of Strahan on Tasmania's West Coast.

Strahan is famous for its Gordon River Cruises, magnificent scenery and harbour views, and the West Coast Wilderness Railway from Strahan to Queenstown.

This quaint little town is a Tasmanian success story growing from a fishing village as recently as 1989 to a major tourist town. The community has jobs and opportunities, confidence and vitality, and money and investment flowing in from Tasmania's tourism boom.

The property includes a public bar, drive-in bottleshop, dining room, gaming lounge with 10 machines, Keno, TOTE, commercial kitchen, manager's residence, four motel units, four cabins and on site sealed parking'all on three titles containing 9,190sqm (approx).

There is a parcel of flat land above the tavern and car park which could be developed into more accommodation cabins or units, or for a separate residence (STCA). This elevated site provides magnificent harbour views.

The trade is well diversified with income from accommodation, bars, drive-in bottleshop, meals, functions, TOTE, Keno and gaming machines.

There are only two hotels in the town and the Regatta Point Tavern is the only one with gaming machines.

The accounting figures continue to show yearly increases in both revenue and profit.

It is no secret that tourism is booming in Tasmania with 1.17 million visitors coming annually to our State. Tourism Tasmania forecast that this will increase to 1.5 million visitors by the year 2020.

Genuine reason for sale with the Vendor retiring after 40 years in the industry and 30 years at this property.

With a combination of very little competition in the town, a booming tourist trade and great location on the Esplanade, there is no better time to purchase a proven profitable hotel with development prospects.

Contact John for more information.

For more details, please email agent

Knight Frank Tasmania

5 Victoria Street, Hobart, TAS 7000


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