Cascade Hotel, Site, 22 Cascade Road, South Hobart, Tas 7004
- Property No. 503383846
- Show Page Visits
- Sold Contact Agent
- Mon 23-Dec-19
The Iconic Cascade Hotel
- Originally built in 1846
- Recently renovated
- Strong business performer
- Land Area
- 3007.00 m² (approx)
- Floor Area
- 876 m²
- Tenure Type
- Tenanted Investment
- Last Updated
- Feb 24, 2020
- Zoning
- Residential
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The Iconic Cascade Hotel
Located adjacent to St. Johns Hospital in the popular suburb of South Hobart, 2 kilometres from the Hobart CBD.
The Cascade Hotel is one of Hobart's best known establishments with a long history of successful trading. This well known high profile hotel is located adjacent to St Johns Hospital in South Hobart, 2 kilometres (approx) from the Hobart CBD.
Includes a public bar, dining room, drive-in bottle shop, large managers' apartment, 4 accommodation units and a large bitumen sealed car park for 50 vehicles.
The hotel is in good condition with $400,000 being spent in 2016.
Originally constructed C1880, the ground floor has been recently renovated and refurbished with $400,000 being spent in 2016.
Contains two titles with a total land area of 3,007 sqm (approx) and street frontages to both Cascade Road and Wentworth Street.
The hotel has a long history of successful trading and has very little competition in this highly popular suburb.
Current annual rent of $300,000 pa, plus GST, plus outgoings.