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Fantastic Passive Investment Motel Restaurant Cafe Net Rental Income $104,000 pa

Passive Rental Income

We are excited to offer an outstanding passive investment opportunity in the booming country town of the Northern Tasmanian region.

York Cove Motel, also popularly known in the past as Crazy Duck Restaurant, is a venue overlooking the beautiful York Cove, marina and Tamar River.

New tenant is opening the venue, long lease in place.

The property has the following unique features:

>Magnificent unbeatable views.

>New Restaurant opening-Comprises of approx. 120-seat restaurant.

>Accommodation- 2 self contained & 3 studio apartments.

>Large conference room.

>Outdoor swimming pool.

>Marina.

>Significant improvements are being made on the property.

Asking O/O $1.990 Million.

Australia's 3rd oldest city is George Town, which is known for its beaches, coral reefs, historical buildings, MTB trials and more.

If you are looking for a passive investment opportunity then look no further, some vendor finance is available for qualified investors. Lodge an enquiry or email our professional business brokers for an inspection. Phone Praveen Pant 0432 256 682 or contact Paul Scott at 0477 771 098 email: praveenp@tasbps.com.au

INTENDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF.

NOTE: All figures are approximate.

10 7,619 m2
Address 2 Ferry Blvd, George Town
Price O/O $1.990 Million
Property Type Commercial
Property ID 1081
Category Hotel/Leisure, Land/Development
Land Area 7,619 m2
Warehouse Area 1m2

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Agent Details

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Praveen Pant

0432 256 682
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Praveen and Paul, sold my unique Hydroponic farm (Controlled environment vertical farm). This was a challenge as it is the only one of its kind in the Southern Hemisphere. Difficult to find a buyer but they managed to find one. They were very friendly with great communication and regular progress chats. Owner of Vertical Pastures April 2024  

Big thank you for making the sale of the business easy and prompt from a purchaser’s perspective. Purchaser of Bladerunner Hairdressing March 2024

Paul and Praveen sold my café. They were great to work with, gave good advice, and I felt I could really trust them. They always advocated for the best outcome, we’re optimistic but practical and were always kind and courteous. I would recommend them if you are looking to sell your business. Owner of Earthy Eats March 2024

Highly recommend Tasmanian Business and Property Sales. They show a great deal of interest in the property to sell, they have a strong network of clients and solidly marketed our business backed up with direct visits with potential buyers. We sold quickly and with pleasing results. Owner of Gold Rush Inn March 2024

Had a great experience and business deal for a restaurant with Praveen. Very grateful for his great support overtime. Amazing gift from him and his team. Hopefully will have more chance to work with them in the future! Purchaser of JBS Canteen Jan 2024

We cannot thank Praveen, Paul, and Neha enough for their outstanding services in helping us purchase our dream business. From start to finish, they went above and beyond to make this experience absolutely delightful! With their help, our dream of owning our own business has become a reality, and we couldn't be happier. We are now embarking on an exciting new chapter, thanks to the exceptional service of the team. If you are looking to purchase a business and want a team that will go the extra mile, we highly recommend them. They are true professionals who will work tirelessly to ensure your dreams come true too.