This property sale offers a multitude of purposes for either the eager property developer with vision for future residential development or a freehold hotel opportunity.

For the developer in mind this position offers a site that has various residential opportunities to secure and develop up to 10 town house style apartments, STCA. The site offers a foot print of over 1500 square metres and an existing hotel / building which has infrastructure to accommodate future development. Well known Local architect firm Preston Lane have drawn a proposed development to potentially accommodate these contemporary cutting edge townhouses (STCA) that would appeal to a wide market. Any developer would appreciate the position as it is only a 10 min drive to Hobart’s CBD and would offer at retail sale point a real city alternative to many buyers and would be a great option for young professionals and investors. There are very few Hobart suburban sites that offer this opportunity and one that will generating a solid annual return. So be quick to inspect

Alternatively this site would appeal to buyers with a desire to secure a freehold hotel / business. Currently leased for the next 10 months you would be assured of a regular income moving forward. The site has been a Hobart institution for many years and has a steady local customer base with a reputation as a destination for families and locals alike looking for an outing experience. With the local tourism market growing you could continue to position this business as a real destination and continue to cater across great dining, local functions, bottle shop and a general public bar. First time offered since 1998 as a freehold business.