Ray White Commercial Hobart have been appointed to offer for sale a substantial two storey sandstone Hotel, located in the charming and historic village of Ross, approximately 78 kms south of Launceston and 121 kms north from Hobart.
Looking for a seachange? This is truly a wonderful property and would suit an investor/working couple or continue under management.
The freehold, business and plant and equipment is offered for sale on a vacant possession basis with the opportunity to walk in and continue operation.
The magnificent and iconic Man O' Ross Hotel was established in 1835, sitting on a 3232 sqm block.
The ground floor comprises a well presented and maintained public bar, bottleshop/cool room, sports room, dining room which caters for 50+ guests, commercial kitchen, 2 meeting rooms and a function room.
The first floor has 11 bedrooms, a lounge with shared kitchen and 5 bathrooms for guests to use.
With a thriving tourism and strong local market there is significant growth potential for the site including:
Longer operating hours to include evening meals
- increasing the range of functions and events
- further develop (STCA)
- sub lease potential
- multiple income streams
Please call now for more information
The size of Ross is approximately 681.3 square kilometres. It has 4 parks. The population of Ross in 2011 was 423 people. By 2016 the population was 415 showing a population decline of 1.9% in the area during that time. The predominant age group in Ross is 40-49 years. Households in Ross are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Ross work in a managers occupation. In 2011, 69.8% of the homes in Ross were owner-occupied compared with 77% in 2016.
Ross has 308 properties. Over the last 5 years, Houses in Ross have seen a 103.78% increase in median value, while Units have seen a 289.75% increase. As at 31 October 2024:
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