FOR SALE
$1,250,000 NEGOTIABLE+SAV

54-58 Orr Street
Queenstown TAS 7467

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1m2
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24 Room FHGC Best value Tasmanian Motel $1,250,000 negotiable

Hard to find 24 room motels at this price, excellent presents, with strong repeat business and plenty of upside.
Freehold going concern, including all plant and equipment, business and stock in trade.
Main street frontage with attractive presentation, reception adjoins the two bedroom managers quarters, Minimum 60 seat restaurant is serviced by a very well equipped commercial kitchen. Twenty Four ground and first floor en-suite rooms of varying configuration, ample onsite parking, public/guest laundry and motel commercial laundry.
The attractive spacious licensed restaurant over looks the main street.
Ideal entry level motel for a working couple, with an insurance replacement value of three times the asking price.
If you have found it difficult sourcing an affordable motel, then this certainly could well suite, profitable and well presented.
Perfect investment, operate for a while then lease the business and have a passive income.
Wait and you will miss out, ph Paul Scott on 0477771098, email pauls@tasbps.com.au Praveen Pant on 0432 256 682.
INTENDING PURCHASERS TO MAKE THEIR 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.
Please Note: All figures quoted are approximate.
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Property Details for 54-58 Orr St, Queenstown

Building Type
Commercial
Floor Size
1m2

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About Queenstown 7467

The size of Queenstown is approximately 132.1 square kilometres. It has 7 parks covering nearly 0.7% of total area. The population of Queenstown in 2011 was 1,973 people. By 2016 the population was 1,768 showing a population decline of 10.4% in the area during that time. The predominant age group in Queenstown is 50-59 years. Households in Queenstown are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Queenstown work in a labourer occupation. In 2011, 71% of the homes in Queenstown were owner-occupied compared with 69.7% in 2016.

Queenstown has 1,573 properties. Over the last 5 years, Houses in Queenstown have seen a 176.69% increase in median value, while Units have seen a 49.96% increase. As at 31 August 2024:

  • The median value for Houses in Queenstown is $211,682 while the median value for Units is $167,505.
  • Houses have a median rent of $300 while Units have a median rent of $160.
There are currently 31 properties listed for sale, and 11 properties listed for rent in Queenstown on OnTheHouse. According to CoreLogic's data, 53 properties were sold in the past 12 months in Queenstown.

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