FOR SALE
Offers Over $1,298,000 million+SAV

1-5 Heathcote Street
Ulverstone TAS 7315

Bedrooms: -
Bathrooms: -
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Floor area: 1m2
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Leasehold 29 Room Motel Fully Licensed W/ 3BR Managers Residence 30Yr Lease Netting >$400k FY23

100% run under management
Beachway Motel & Restaurant is Ulverstone's popular 29-room leasehold motel with a 3-bedroom manager residence.
Excellent turnover exceeding $1.2 million and 4-star Google ratings, this is an outstanding opportunity in North West Coast of Tasmania.
An impressive ROI >31% with occupancy>77% in FY2023, it is a rare motel offering on the market.
Offering a 30-year lease ensuring substantial returns for the incoming owners.
This property has undergone extensive renovations, shines with exceptional rooms, and requires no further investment, showcasing a consistent surge in turnover year on year.
Located en-route to Burnie and Stanley, mere minutes away from Buttons Beach.
Beachway Motel & Restaurant beckons travellers exploring Tasmania's northern-west gateway.
Set on approx. two acres of meticulously landscaped gardens, it offers a serene escape amid nature's splendour.
Welcoming tourists, repeat guests, tour groups, and corporate visitors.
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Property Details for 1-5 Heathcote St, Ulverstone

Building Type
Commercial
Floor Size
1m2

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About Ulverstone 7315

The size of Ulverstone is approximately 16.6 square kilometres. It has 14 parks covering nearly 3.7% of total area. The population of Ulverstone in 2011 was 6,342 people. By 2016 the population was 6,477 showing a population growth of 2.1% in the area during that time. The predominant age group in Ulverstone is 50-59 years. Households in Ulverstone are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ulverstone work in a trades occupation. In 2011, 70.1% of the homes in Ulverstone were owner-occupied compared with 67.7% in 2016.

Ulverstone has 3,842 properties. Over the last 5 years, Houses in Ulverstone have seen a 74.50% increase in median value, while Units have seen a 69.27% increase. As at 30 September 2024:

  • The median value for Houses in Ulverstone is $498,593 while the median value for Units is $425,223.
  • Houses have a median rent of $420 while Units have a median rent of $370.
There are currently 42 properties listed for sale, and 3 properties listed for rent in Ulverstone on OnTheHouse. According to CoreLogic's data, 130 properties were sold in the past 12 months in Ulverstone.

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Praveen Pant
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