Freehold Hotel Yielding 17.5%

St Marys, East Coast - Tasmania

Situated in the Fingal Valley on Tasmania's stunning East Coast, the St Marys Hotel is an Historic Hotel providing country style meals, accommodation & hospitality . It is centrally located in the peaceful little town of St Marys, close to beaches, waterfalls, golf courses, national parks & restaurants.

The hotel is a popular amongst locals and also a favoured stop for motor cycle enthusiasts touring the east coast. It boasts a fantastic reputation for its beer garden and often hosts local, national and even international acts both indoors and out.

The accommodation features 15 guest rooms catering for all types of travellers from single rooms to twins, doubles and families.

The owners take advantage of a wing of the hotel for their residence that features a comfortable lounge and 3 bedrooms with a rear deck overlooking the adjoining river.

This Business boasts a solid income and is diversified through meals, accommodation, tote, keno, bar sales and takeaway sales.

Leasehold also available, please contact us for details.

The Facts

$1,200,000
Freehold and business
REF
T1100

Operating Status
Operating
Tourism Region
East Coast, Tasmania
Guest Bedrooms
15

Guest Bathrooms
4

Owner Bedrooms
3

Owner Bathrooms
1

Financials
Turnover $770k, Net $211k (2010)

Land Size (approx)
3,900 sqm
(0.96 acres , 0.39 ha)

Inspection: By appointment only