The Fox & Hounds

SOLD

6789 Arthur Highway

Port Arthur TAS 7182

Accommodation/Tourism

BUSINESS FOR SALE

Knight Frank are privileged to offer for sale this extraordinary property which is located in a most magnificent waterside location only one   minute’s drive from Tasmania’s No1 tourist attraction—the Port Arthur Historic Site.
 
Port Arthur has been a tourist destination for well over a century and in 2014/15 recorded its largest ever visitation since opening to the public with 272,653 day and 34,097 evening visitors.
 
In April 2015 at the annual Australia Tourism Awards the Port Authur Historic Site won the award for the best tourist attraction in Australia.
 
In addition Pennincott Wilderness Journey’s operates cruises in the area since 19999 and has fast become a Tasmanian icon with 24 tourism awards.
 
Tasmania’s newest exciting tourism venture, the Three Capes Trek, opened in December 2015 and the walkers leave from Port Arthur. Revenue is well up due to this new attraction.
 
These are exciting times for Tasmania as well as both Port Arthur and the Fox and Hounds Inn. The motel is well placed to take full advantage of this tourism boom.
 
The purchase price represents a room value of $700,500 which is excellent buying.
 
The complex includes a tavern, restaurant on 2 levels, reception, drive-in bottleshop, 39 rooms, managers residence, conference and meeting rooms, laundry building, workshop, tennis court and its own sewerage plant all on one title containing 10.0 hectares.
 
Of the 39 rooms, 27 are comfortable motel rooms, 11 are newly refurbished self-contained 2 bedroom villas and 1 is a spa suite. All have peaceful views over Stingaree Bay.
 
The tavern is a Tudor Style building which is like stepping into an olde world pub in London. Features include a large bluestone wall and fireplace, and the unique restaurant which has mezzanine dining as well for a total capacity of 130 people
 
The property is affiliated with “Innkeepers” operates under management with the interstate vendors now wishing to retire.
 
For particular reasons, the business has a very low average occupancy rate so there is huge scope to dramatically increase accommodation revenue.
 
Knight Frank advise that in our opinion this represents a tremendous opportunity to purchase a prime tourism as set in the most significant location and ready to take full advantage of our booming tourist industry.
 


HUGE PRICE REDUCTION - VENDOR COMMITTED TO SELL!