Link Business
*** SOLD ***

Award Winning Luxury Accommodation with HIGH ROI

Listing: #14411

Farzin Hesari

Broker | Tasmania

Farzin Hesari

+61 3 6135 4446

+61 401 009 469

This listing is no longer taking enquiries as it is SOLD

About this Business for sale in Hobart & Southern

Award Winning Luxury Accommodation with HIGH ROI

EXCLUSIVELY listed with Link Business Hobart, we proudly present this fantastic opportunity to acquire an Award Winning freehold luxury Accommodation business in one of Hobart's most prestigious suburbs.

This award winning luxurious 4 Star accommodation business is in the prestigious suburb of Sandy Bay with short walking distance to award winning cafe's, restaurants and shopping precinct.

The complex is compromised of 4 luxury apartments, ranging from 1-3 bedroom town houses with capacity to comfortably sleep up to 17 guests in total.

Each individual apartment has been completed and maintained with the highest class of standards with no expense spared.

The current owners have consistently grown the business over the past 5 years showing an average growth of 8% over the past 3 years with an impressive occupancy rate of 71% year round and growing.

The apartment complex currently trades as a very successful tourism operation, which can be easily strata titled and sold off individually or used for residential purposes.

Its no secret that Hobart is on the rise and there has never been a better time to purchase & invest in a tourism property. With over 1.1 million visitors to Tasmania in 2015 and a predicated 1.5 million by 2020 this business is perfectly positioned to take advantage of this growth.

Business Highlights:

> Located within the prestigious Sandy Bay precinct
> 10 Minutes stroll to world famous Salamanca Markets
> 5 Minutes stroll to Historic Battery Point
> 2 KM Away from Hobart CBD
> 2.7 KM Away from University of Tasmania
> Can be easily operated under remote management
> Average room rate for 2015 of $261
> 71% Occupancy Rate and growing
> $100K In advance forward bookings
> Awarded 2015 Certificate of Excellence by Trip Advisor
> First time offered for sale
> Impressive profits & growing

Opportunities such as this do not come often so inquire now.

To complete an online confidentiality agreement visit this business at:

Broker: Farzin Hesari
Tel: +61 (03) 6380 8756 | Mobile: 0401 009 469

The purchaser to make his/her 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.

+61 3 6135 4446
+61 401 009 469

Farzin Hesari

Enquire Now
This listing is no longer taking enquiries as it is SOLD

*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.