2 Ferry Boulevard, George Town, TAS 7253

Hotel/Leisure

For Sale $250,000

  • Property ID: 448280
  • Floor Area: 445m²
  • Land Area: 1m²
  • Occupancy: Vacant
Restaurant + Accommodation + 24/7 Gym + Marina Lease for Sale

Phone enquiries - please quote property ID 34810.

RESTAURANT/MARINA/GYM 24/7 FOR SALE

York Cove Hotel is for sale by owner
Location: George Town Tasmania
Sale type: Leasehold
Lease length: 19 years
Rent Weekly: $2000
Lease inclusions: Restaurant + 24/7 access gym + 24 berth Marina + 5 room Accommodation
Current Gym Members: 200
Hotel rooms: 5 (3x deluxe + 2x 2 bedroom apartments with Tamar River views)
Asking Price: $250,000

York Cove Hotel located in George Town Tasmania, this hotel has the best view of the Tamar River, it was recently renovated with new flooring paint and fixtures.
The restaurant is currently closed and is available for new owners to make it their own, with plenty of Tamar River views as well as a newly renovated balcony for guests to enjoy the view.

Accommodation consists of 5 hotel rooms (3x deluxe poolside rooms with ensuites, kind beds and kitchenettes + 2x 2 bedroom apartments with 2 ensuites a full kitchen, loungeroom and dining area) the 2 bedroom apartments both feature a balcony over looking Tamar River and the Marina.

Marina with 24 berths, some rented at $275 a month or $2750 yearly
if all berths are filled you have the potential to bring in $75000 + a year
The Marina has just been upgraded with new power and water connections completed recently meaning the berths can finally be filled! Marina also has its own amenities block for Berth Renters.

The gym is down stairs to the restaurant with a Key Fob system in place for 24/7 access for all members. Members pay $20 a week and this gives them access to 2 gym rooms, one being a strength room with a leg press, free weights, cable machines and more and the other room dedicated to cardio fitness with rowers, treadmills and bikes.
There is also potential for the new owner to source personal trainers etc and use our Gym Master software to sell classes etc to members if they wish. (this is not something we have yet pursued)
There is also a spa and pool which are currently closed.

With so much more income potential York Cove Hotel is a great buy for the right person.

For more information or a walk through the business please Contact us.

DISCLAIMER No Agent Business (www.noagentbusiness.com.au) is an Australian For Sale By Owner website operating since 1999. We proudly assist commercial property owners who are looking to sell or lease their own commercial property without paying any real estate commission. While every care has been taken to verify the accuracy of the details in this advertisement, the correctness cannot be guaranteed.

George Town Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $1047 --- ---
Industrial $1047 --- ---
This is the average advertised price, rent and yield for George Town, TAS 7253*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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