6789 Arthur HighwayPort Arthur TAS 7182
Property Details for 6789 Arthur Hwy, Port Arthur
Last Listing description (March 2023)
Rare opportunity to get involved in the expanding tourism sector with a property offering so much potential.
Located on one of the major tourism routes, the Arthur Highway, on your way to Port Arthur, with beautiful water frontage views of Stingaree Bay.
This is more than an opportunity to purchase a large motel, it has future capital growth, with a land holding of approximately 25 acres, with lapsed approval for further development of 33 rooms, 11 existing 2 bedroom suites could be strata titled, The existing complex only occupies about 5 acres, leaving about 20 acres STCA to develop or subdivide.
The existing complex comprises 28 motel rooms and 11 apartments, approx 120 seat restaurant and bar, commercial kitchen, reception and office, 3 bedroom managers quarters, bottle shop and a function room.
The current owners have recently upgraded the floor coverings, installed new split systems in all rooms and constructed new decking.
The Motel has historically generated a turnover of around $1.6 million, run by an experienced operator the turnover could certainly exceed $2 million annually.
Freehold going concern Tasmanian motels are hard to come by, particularly in the South, certainly with this amount of untapped potential.
Don't delay, book an inspection with our professional Motel brokers today.
Call Praveen Pant on 0432 256 682 or contact Paul Scott on 0477 771 098 email: pauls@tasbps.com.au/ praveenp@tasbps.com.au
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. NOTE: All figures are approximate.
Property Code: 726
Property History for 6789 Arthur Hwy, Port Arthur, TAS 7182
- 20 Feb 2023Sold for $2,370,000
- 05 Sep 2022Listed for Sale Offers Over $3.85 million+sav
- 16 Jun 2016Sold for $2,600,000
Commute Calculator
Recent sales nearby
See more recent sales nearby
Similar properties For Sale nearby
See more properties for sale nearby
0
0
0
About Port Arthur 7182
The size of Port Arthur is approximately 56.5 square kilometres. It has 5 parks covering nearly 31.3% of total area. The population of Port Arthur in 2011 was 254 people. By 2016 the population was 242 showing a population decline of 4.7% in the area during that time. The predominant age group in Port Arthur is 60-69 years. Households in Port Arthur are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Port Arthur work in a labourer occupation. In 2011, 80.8% of the homes in Port Arthur were owner-occupied compared with 83.3% in 2016.
Port Arthur has 442 properties. Over the last 5 years, Houses in Port Arthur have seen a 77.17% increase in median value. As at 31 October 2024:
- The median value for Houses in Port Arthur is $464,593 while the median value for Units is $350,509.
Suburb Insights for Port Arthur 7182
Market Insights
Port Arthur Trends for Houses
N/A
N/A
View TrendN/A
N/A
Port Arthur Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
