31 Campbell Street, Hobart TAS

For Sale

Leisure

SOLD

500m2

Under instructions from Ferrier Hodgson of 225 George Street, Sydney as Receivers Appointed.

Originally built in 1834 by Peter DeGraves (founder of Cascade Brewery) this two storey complex is one of the oldest hotels in Australia.

The "Theatre Royal Hotel" is a modern attractive property well located adjacent to the famous Theatre Royal and opposite the Royal Hobart Hospital.

This area of the Hobart CBD, is known as the "Wapping Precinct" and has been developed in recent years with substantial residential unit development. The hospital is currently undergoing a $565 million upgrade.

Includes a public bar, atrium bar, dining room seating 90, function room, commercial kitchen, 7 accommodation rooms and a managers residence (10 rooms in total).

Alternatively, the property can be bought for a host of other uses. The zoning will allow flexibility such as unit development, retail, offices, education centre, childcare, visitor accommodation, shop or eating establishment.

It is no secret that Tasmanian tourism is booming with visitor numbers topping 1.1 million for the 12 months to March 2015. Hobart receives 73% of all visitors so an accommodation property in the Hobart CBD such as the Theatre Royal Hotel will greatly benefit.

Tenders close at the office of Knight Frank at 5pm on Thursday 11th February 2016.