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Westbury Hotel, 107 Meander Valley Road,
Westbury, TAS 7303
Hotel, Motel & Leisure
Added today
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Sale - Expression of Interest closing Tue 10 Dec
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Elders Real Estate - Launceston
54 Cameron StreetLAUNCESTON, TAS 7250
Westbury Hotel, 107 Meander Valley Road
Westbury, TAS 7303
Map of Westbury Hotel, 107 Meander Valley Road
A Full "Pint" Investment. Westbury Hotel, fully Leased
- Fully leased investment
- Five year lease to June 2029
- Lease options to 2049
Westbury is one of Northern Tasmania's most historic (circa 1823) and "tourism popular" centres, a mere 30 km from Launceston.
Populated by many historic buildings and heritage attractions, Westbury is also a growing domestic satellite suburb commutable to both Launceston and Devonport.
Westbury Hotel, the ONLY hotel serving the town, is dominantly located fronting Meander Valley Road, the main street and holds a land area of 2,268 sqm (further land available by negotiation). Hotel facilities include; public bar; dining room; gaming lounge; a bottle-shop; fully complimented commercial grade kitchen; first floor accommodation used as managers residence; and expansive on-site parking.
The property is For Sale with the benefit of current net rent of $114,000 and current Lease term until 30 June 2029, plus further options of five (5) years each, until 2049.
Sale by Expressions of Interest, closing Tuesday 10 December 2024.
Populated by many historic buildings and heritage attractions, Westbury is also a growing domestic satellite suburb commutable to both Launceston and Devonport.
Westbury Hotel, the ONLY hotel serving the town, is dominantly located fronting Meander Valley Road, the main street and holds a land area of 2,268 sqm (further land available by negotiation). Hotel facilities include; public bar; dining room; gaming lounge; a bottle-shop; fully complimented commercial grade kitchen; first floor accommodation used as managers residence; and expansive on-site parking.
The property is For Sale with the benefit of current net rent of $114,000 and current Lease term until 30 June 2029, plus further options of five (5) years each, until 2049.
Sale by Expressions of Interest, closing Tuesday 10 December 2024.
Property ID: 504738332Last Updated: 15 Nov 2024
Elders Real Estate - Launceston 54 Cameron Street
LAUNCESTON, TAS 7250
LAUNCESTON, TAS 7250
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