33-room oceanfront Leasehold property - Swansea - Tasmania
SWANSEA, TAS, TAS
Description
33-room oceanfront Leasehold property - Swansea - Tasmania Large 33-room oceanfront Leasehold property, located in Swansea on the highly sought-after east coast of Tasmania. This easily managed motel is a dream for a two-person team, offering accommodation only, with no food and beverage operations, providing a great beachfront lifestyle while earning a decent net profit. The motel has demonstrated consistent year-on-year performance. The property offers fair market rent and a variety of room types, catering to a diverse clientele. The strong return clientele and group business are a testament to the quality of service and facilities provided, with regular motorbike and car groups, as well as coach tours. The property has been meticulously maintained to a very high standard by the current tenants, with recent improvements including a complete external repaint, replacement of carpets, and furniture upgrades. This location is ideal for exploring the east coast, with stunning views across Great Oyster Bay, and just a 45-minute drive to Coles Bay and Freycinet National Park. This is a unique opportunity to acquire a well-established and profitable business in a prime location. Large scale 33-room oceanfront property Easily operated by a two person team Accommodation only, no food and beverage Highly sort after east coast tourist destination Consistent year on year performance Fair market rent – 18 year lease Variety of room types Return clientele group business
Financials
- Asking price
- $870,000
- Net profit
- $282,248
- Revenue
- —
- Profit multiple
- 3.08x
- Revenue multiple
- —
Agent
Marissa von Stieglitz
