138 Collins St Hobart TAS 7000
$5,650,000 WIWO

DESCRIPTION

Consistent and Strong Earner, outstanding and unique opportunity in this tourist orientated state.

Significant turnover around/ approaching $1.1m in 2025, current year up 22% on same period last year, due to the sheer size of the operation, potentially 169 beds in 69 rooms, total floor area 2,776 m2, this is potential gold mine.

Run under management for the last 5 years, all staff experienced and trained.

This substantial CBD building is centrally located and provides budget accommodation for the thousands of backpackers, tourists and seasonal workers who visit the popular Tasmanian Capital.

The budget style accommodation is highly sought after as the occupancy figures will show.

An owner operator would realise the vast growth potential that exists and correspondingly reap the rewards.

Spread over 4 levels, with a variety of room configurations, male and female bathrooms, spacious reception, guest kitchen, two lounge rooms, managers quarters and 5 staff bedrooms, guest and commercial laundries.

Hard wired fire-alarms and sprinkler system throughout, booking systems,24 cameras with 3 monitors in reception surveillance system..

An easily run operation, well known and long established.

Hobart accommodation business are tightly held, contact Tasmania's foremost accommodation business brokers,

Call Praveen Pant on Reveal Phone or contact Paul Scott on Reveal Phone email: Send Message.au/ Visit Website INTENDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF.

NOTE: All figures are approximate.

Property Code: 1981