New Norfolk Opportunity!

This wonderful property known as "Oast Inn" is located at 5 Oast Street, New Norfolk TAS 7140. The historic town of New Norfolk is rich in history, quality produce and rural scenery. Oast Inn is a two-storey building, 13 bedrooms spread over 2 floors, each room comes with carpeted flooring, beds, mini-fridge, own en-suite bathroom, and air-conditioned. Other areas consist of manager's flat, shared kitchen, 2 loungeroom, living areas, commercial kitchen and function room. This versatile layout, enormous size and exclusive location will leave you contemplating all the exciting possibilities for the future use of this unique property. Perfectly sited on a large allotment of approximately 3,749sqm, this property offers endless exciting possibilities and opportunities to add buildings/rooms to site to further improve the return and potentially add value of the property (STCA). The current owner adopting business model of operating as both short-term and long-term accommodation to maximise the return. The owners have rented some rooms on a long term lease agreement, returning $280-$300 per week. Short-term accommodation are rented at a nightly base rate. Key Features: • Land Size: 3749m2* • On street parking as well as on the rear • 986 square meters building area • Fully furnished basis • Close to all local services and facilities within the main New Norfolk township • Buildings services include security alarm and monitored security cameras, smoke detectors, fire extinguishers and fire hose reels • Electric heaters in all bedrooms • Electric heat pumps servicing the living areas Building Areas • Ground Floor - 696 square meters* • First Floor - 290 square meters* • Front Verandah 32 square meters* • Rear Verandah 43 square meters* • Garage/Workshop 90 square meters* • Carport 90 square meters* **The owners have recently replace/install new Reverse Cycle Split System in all bedroom & lounge Room** To arrange an inspection or for more information, please contact Brick & Castle Property Chris Yan Mobile: 0435 393 619 Email: [email protected] Allen Ong Mobile: 0432 891 551 Email: [email protected] *Approximate Information Disclaimer: This document has been prepared for advertising and marketing purposes only. It is believe to be reliable and accurate, but clients must make their own independent enquiries and rely on their own personal judgement about the information included. Brick & Castle and its employees accepts no responsibility for the results of any actions taken, or reliance placed upon this document by a client. Please note: An employee of this real estate agency has a financial interest in this property.