Address available on request,
Invermay, TAS 7248

This well known 'local' is situated in a busy commercial area close to the CBD, the recently redeveloped York Park (AFL Games) and the substantial Inveresk Complex.

Includes public & lounge bars, commercial kitchen, drive-in bottleshop, large residence, 4 accommodation rooms and sealed car park.

In 2004 the hotel was substantially refurbished and modernised.
The public and lounge bars now have large glass windows overlooking the streets.

The drive-in bottleshop is one of the best in Launceston.
The coolroom is large, the access is easy and the two drive-in lanes are under cover.

The residence is very large and ideally suited for family occupation.
Currently 4 of the rooms are let to permanent boarders.

Current annual turnover is around $1.1 million and does not include accommodation revenue or meal trade.
Latest figures show continued growth whereby turnover is headed for $1.3 million for 2005/06.

The hotel is operated under management and the interstate owner is keen to sell due to health problems. The purchase is highly recommended by the sole selling agents.

The asking price of $880,000 is the same as a recent independant valuation.

Alternatively a 15 year lease is availalbe for only $115,000 with an annual rental of $84,000 (less than 7% of turnover).