Freehold or Investment Asset!
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.
• 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 393 619 firstname.lastname@example.org
Allen Ong – 0432 891 551 email@example.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.