Woolmers Inn

SOLD

123 to 127 Sandy Bay Road

Sandy Bay TAS 7005

Leisure

FOR SALE

2232m2

This highly attractive motel was built in 1982 incorporating 36 rooms, reception, office, commercial and guest laundries, workshop and onsite sealed parking on 2,232 square metres.

Great location on Sandy Bay Road only 1 kilometre from the Hobart CBD and just a short walk to the major tourist destinations of the Hobart waterfront, Sullivans Cove, Salamanca Place and historic Battery Point. The motel is part of the Sandy Bay shopping and commercial precinct and is in close proximity to Wrest Point Casino, popular Sandy Bay beach, and the Royal Yacht Club of Tasmania.

Trading figures show a consistency of accommodation revenue around $1 million per annum for the last 6 years. The business is easy to operate as there is no dining room or bar.

Very rarely do Hobart accommodation properties come onto the market. They are all tightly held by operators because of the strong tourism industry and shortage of supply.

Woolmers Inn is indeed a rare opportunity to secure such a well positioned property.