Price reduced to $650,000 - Vendor motivated to sell!

"Sunrise Devonport" Quality Motel in Growth City!

• Fantastic location near the beach and Mersey River, and 1km from Devonport CBD.

• Includes 33 rooms, reception & office, top class restaurant, 3 bedroom manager's residence, on site parking for 35 vehicles, guest and staff laundries, and 2 car garage.

• Over 18 years left on the lease.

• In excellent order, quality 3.5 star motel.

• Impressive figures, strong growth, high return on investment.

• Devonport is Tasmania's third largest city and is undergoing the largest urban renewal project ever undertaken in regional Tasmania.

• The new "Spirit of Tasmania" ferries arrive in 2021 which will allow an additional 160,000 passengers annually to enter Devonport.

• Tasmania's tourism industry continues to boom with a record 1.3 million visitors in 2018, and on target to reach 1.5 million by 2020. There is no better time to purchase an accommodation facility.

Accommodation and Tourism | Devonport | TAS

$650,000 Leasehold

Knight Frank Tasmania - Hobart

Address:
5 Victoria Street,
TAS, 7000

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