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Sunrise Devonport, 140 North Fenton Street, Devonport, Tas 7310

Sunrise Devonport, 140 North Fenton Street, Devonport, Tas 7310

Hotel/Leisure

  • For Sale
  • Price reduced to $650,000. Motivated Vendor
  • Sale by Negotiation

Quality Motel in Growth City - Price Reduced to $650,000. Vendors motivated to sell!

  • Fantastic location close to the beach

  • Land Area
  • 0.43ha (1.06 acres) (approx)
  • Floor Area
  • 4,277 m²
  • Tenure Type
  • Vacant Possession
  • Last Updated
  • Jun 18, 2019
  • Zoning
  • Residential

Interested in this property? Contact an Agent today

Knight Frank - Tasmania

5 Victoria Street

Hobart Tas 7000

John Blacklow, Knight Frank - Tasmania
John Blacklow

Quality Motel in Growth City - Price Reduced to $650,000. Vendors motivated to sell!

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.

One of the best leasehold motels in the state with a high net return on the investment of $650,000.

Sunrise Devonport, 140 North Fenton Street, Devonport, Tas 7310

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