OFF MARKET

4421 West Tamar Highway
Beauty Point TAS 7270

Bedrooms: 10
Bathrooms: -
Car spaces: 20
Floor area: 485m2
Land area: 2597m2
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Property Details for 4421 West Tamar Hwy, Beauty Point

Building Type
Rural
Year Built
1962
Floor Size
485m2
Land Size
2597m2
Local Government
West Tamar
Lot/Plan
1/247678

Last Listing description (February 2018)

TAMAR COVE MOTEL AND RESTAURANT
Located in the scenic Tamar Valley wine growing region, 54 km north of Launceston and close to major tourist attractions - Seahorse World / Platypus House / Beaconsfield Gold Mine and Heritage centre Narawntapu national Park.
The quality 3.5 star accredited motel contains 6 x 1 bedroom ensuite units - 2 x 2 bedroom ensuite units - 1 x self-contained ensuite unit on two titles. A total sleeping capacity of 26 people. The motel office is located inside of the restaurant building and has an online booking system to attract motel guests.

The property has a restaurant and bar located on two levels - boasting fantastic views. The restaurant seats 70 indoors and 40 alfresco diners.
The kitchen has been fitted with commercial cooking equipment, Convotherm steam & bake oven / 2 commercial gas ovens with gas hotplates and grill / double basket electric fryer / commercial dishwasher / walk in cool room and freezer.
A laundry is located at the rear of the building with 2 commercial washing machines and a commercial dryer for servicing of the motel laundry.
The bar is fitted with drink fridges / food display cabinet and barista area. The bar store has a commercial glass washer and temperature controlled cellar.
The property has a concrete In ground pool and seating area with adjoining workshop and Bbq area.
Tamar Cove has been under the current ownership for 16 years with a annual turnover in excess of $750,000 with a strong bottom line.
The business currently operates 7 days a week, however, this could be tailored to suit the lifestyle of the new owners.
RESTAURANT
A tastefully decorated restaurant with modern styling - an up market yet casual Dinner venue - transforming into a relaxed cafe - style lunch venue during the day with two levels of dining including a spacious alfresco deck area.
The modern Australian / Seafood menu presents the best of Tasmanian flavours using local produce.
The restaurant is currently operating for Breakfast / Lunch and Dinner - 7 days.
However there is many options available to transorm this business to suit your lifestyle.

BEAUTY POINT
Beauty point is a well-known town in the Tamar Valley, 50 minutes drive northwest of Launceston.
The town serves as a good starting point for exploring some of Northern Tasmania's natural attractions. Greens Beach is a 15 minute drive northwest of Beauty Point and at the very mouth of the Tamar River, has a scenic lookout and is a popular holiday destination.
Garden Island, immediately north of the town is well known for its fishing. Sandy Beach offers safe swimming areas.
Beauty Point is one of the teaching campuses of the Australian Maritime College and is home to the National Underwater Training Centre - one of only two in the world.
Local shops and community facilities including a primary school are provided in Beaconsfield (6km) whilst more extensive facilities are provided in Launceston.

IN BRIEF
Property Description - The property comprises a partial two level freestanding motel & and restaurant complex. Located on a site with a land area of approximately 2,622m2

CERTIFICATE OF TITLE
- Volume 62543 Folio 5 (910sqm)
- Volume 247687 Folio 1 (1,712 sqm)
- Total - 2,622 sqm
- Zoning Rural Living

SITE CHARACTERISTICS
Physical - The site is of a generally moderate slope, has an easterly aspect and views of the Tamar River and surrounding Mountains.
Planning - The site is zoned 'RURAL LIVING' under the West Tamar planning scheme 2006.
Services - The property is serviced or has access to electricity, telephone, sewer and reticulated town water.

BUILDINGS
Main external walls - Brick, Vertical board, cement sheet, rendered bricks
Roof - Corrugated galvanised iron
Window frames - Timber
Floors - Concrete and timber
Heating - Reverse cycle units and electric heaters
Main interior linings - Plaster and hardboard
Lighting - Fluorescent / Incandescent
Fire service - Fire Extinguishers / smoke and heat detectors, emergency signs

BUILDING AREAS
Motel Units - 250 sqm
Restaurant / Kitchen - 133 sqm
First floor restaurant - 63 sqm
Self - Contained unit - 50 sqm
Pool shed - 23 sqm
Store / laundry - 28 sqm
TOTAL - 547 SQM

LICENSING
Liquor Licence

Property History for 4421 West Tamar Hwy, Beauty Point, TAS 7270

A timeline of how this property has performed in the market
Last Sold
$760,000
01 Jul 2017
  • 28 May 2021
    Listed for Sale Freehold Investment by EOI
  • 13 Mar 2021
    Listed for Rent - Price not available
  • 01 Jul 2017
    Sold for $760,000
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About Beauty Point 7270

The size of Beauty Point is approximately 10 square kilometres. It has 5 parks covering nearly 7.2% of total area. The population of Beauty Point in 2011 was 1,203 people. By 2016 the population was 1,232 showing a population growth of 2.4% in the area during that time. The predominant age group in Beauty Point is 60-69 years. Households in Beauty Point are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Beauty Point work in a labourer occupation. In 2011, 75.2% of the homes in Beauty Point were owner-occupied compared with 77% in 2016.

Beauty Point has 829 properties. Over the last 5 years, Houses in Beauty Point have seen a 84.26% increase in median value, while Units have seen a 57.47% increase. As at 31 October 2024:

  • The median value for Houses in Beauty Point is $477,569 while the median value for Units is $327,567.
  • Houses have a median rent of $400 while Units have a median rent of $180.
There are currently 12 properties listed for sale, and no properties listed for rent in Beauty point on OnTheHouse. According to CoreLogic's data, 35 properties were sold in the past 12 months in Beauty point.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.