The Chinese Dragon House Restaurant, which was established by the current owner-operators 38 years ago, is for sale as a going concern on a WIWO basis. In addition, the restaurant comes with rental income from two ground floor shops. There is also an on-site four-bedroom house.
The Chinese Dragon House Restaurant has a loyal following from both locals and tourists for dining-in or the very popular take-away service. The restaurant and take-away are on the first level of a stand-alone building with gateway exposure on the main strip-shopping centre in historic George Town in Tasmania.
Built in 1988, the commercial building fronting busy Macquarie Street includes a 55-seat dining area; a commercial kitchen; amenities and storage area; and a separate take-away section on the first floor. The commercial kitchen is well laid out and includes a natural gas powered, multiple wok burner stove, deep fryer and various appliances and benches with a built-in freezer and cool room. The top floor of the commercial building is 154 m2*.
Downstairs there are two ground floor retail shops occupied by a hairdresser and a beauty salon. Also on the ground floor behind the shops are the shop toilets and a large grease trap for the restaurant. There is also a 20 ft container for storage. The land area is 506 m2*.
At the rear of the property, the two storey, four-bedroom house, which was built in 1990, includes two bedrooms, garage/storage and laundry on the ground floor and kitchen, dining, lounge room, two bedrooms and bathroom on the first floor. All bedrooms have built-in robes with a walk-in robe in the master bedroom. There is off-street parking for 4 cars at the rear of the property.
George Town is located 50 kilometres north-west of Launceston and 250 kilometres north-west of Hobart. George Town is a large town in north-east Tasmania on the eastern bank of the mouth of the Tamar River. It is the third oldest settlement in Australia behind the cities of Sydney and Hobart.
* Approximate
