SOLD
Sold on 23 Oct 2023 for $3,500,000

30 Tasman Highway
Rose Bay TAS 7015

Bedrooms: -
Bathrooms: 1
Car spaces: -
Floor area: 425m2
Land area: 3549m2
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Property Details for 30 Tasman Hwy, Rose Bay

Building Type
Commercial
Year Built
1961
Floor Size
425m2
Land Size
3549m2
Local Government
Clarence
Lot/Plan
1/42219

Last Listing description (January 2024)

Located on Hobarts' Eastern Shore en route to the International airport, with very limited competition. This well-presented and maintained property has a 4-star rating and glowing social media reviews. Panoramic Derwent River, Mount Wellington, and Hobart views.

Comprising 32 spacious en-suite rooms, with varying configurations. Many Improvements and upgrades made in recent times, such as all-new split systems, beds and linen, vanities, televisions, curtains, carpets, and more.

With convenient guest parking in front of rooms, w gardens and building.

Easily managed without a restaurant and spacious 2 bedroom owner/managers quarters.

This motel is characterised by guests commenting on the cleanliness, obliging service, views, comfortable beds and facilities and is complimented by a general liquor license.

Motel buyers in Hobart are aware that this is a rare freehold opportunity and will take into account the industry occupancy rate.

3549m2 landholding, on a major highway, only a few minutes to the Hobart CBD in a very sought-after area, with an increasing population and only one of two motels on the Eastern Shore close to the Hobart Airport. The Hobart ( 7th largest Australian City) current population of 251,000 is expected to increase to 300,000 within the next decade.

Live the lifestyle in Hobart along with a secure income, in the accommodation industry, with an asset that will only grow in value.

Call our business brokers today as this exceptional opportunity is rare and will not last long.

Lodge an enquiry today and phone our professional business brokers for a confidential discussion. Call Praveen Pant on 0432 256 682 or contact Paul Scott on 0477 771 098 Email praveenp@tasbps.com.au/ pauls@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;

Please Note: All figures quoted are approximate.*

Property Code: 1090

Property History for 30 Tasman Hwy, Rose Bay, TAS 7015

A timeline of how this property has performed in the market
Last Sold
$3,500,000
23 Oct 2023
Listed for Rent
$360/w
11 Feb 2020
  • 23 Oct 2023
    Sold for $3,500,000
  • 05 Sep 2023
    Listed for Sale O/O $4,699,000
  • 17 Dec 2019
    Listed for Rent $360 / week
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About Rose Bay 7015

The size of Rose Bay is approximately 0.9 square kilometres. It has 1 park covering nearly 25.7% of total area. The population of Rose Bay in 2011 was 1,075 people. By 2016 the population was 1,095 showing a population growth of 1.9% in the area during that time. The predominant age group in Rose Bay is 50-59 years. Households in Rose Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Rose Bay work in a professional occupation. In 2011, 75.4% of the homes in Rose Bay were owner-occupied compared with 75.8% in 2016.

Rose Bay has 580 properties. Over the last 5 years, Houses in Rose Bay have seen a 38.41% increase in median value, while Units have seen a 52.38% increase. As at 31 August 2024:

  • The median value for Houses in Rose Bay is $791,619 while the median value for Units is $568,948.
  • Houses have a median rent of $600 while Units have a median rent of $443.
There are currently 1 property listed for sale, and no properties listed for rent in Rose bay on OnTheHouse. According to CoreLogic's data, 22 properties were sold in the past 12 months in Rose bay.

Suburb Insights for Rose Bay 7015

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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.