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Tall Timbers Hotel/5 - 13 Scotchtown Road
Smithton TAS 7330
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Tall Timbers Hotel/5 - 13 Scotchtown Road Smithton TAS 7330

  • Hotel, Motel, Pub & Leisure
  • 5,396 m²
  • For Sale, Freehold & Business - Asking Price $7 million (plus stock)

Magnificent multi award-winning resort complex

  • Hotel facilities and 67 quality units
  • High accommodation revenue
  • Strong tourist precinct

Nestled in the heart of Smithton, Tall Timbers Hotel is a unique and picturesque complex that offers a serene and peaceful escape for locals and tourists.

This expansive estate, which spans over 10.73* hectares of lush pasture, lakes and creeks, is home to a range of facilities and amenities, including luxury accommodation, and dining options.

In addition to the 67 rooms and hotel facilities, the hotel offers a range of recreational activities such as 2 tennis courts, a gym, and a leisure centre with indoor heated pool.

Since 2005, the owners embarked on an expansion and renovation program costing over $5m*.

The figures are continuing their upward trajectory, with an increase in hotel occupancy, plus advantageous changes to the gaming legislation in July 2023. Current figures show 2024 revenue of $7,091,896*.

The hotel was constructed in 1990 and has been owned by the same family for 35 years.

There is little doubt that this multi award winning acquisition is a trophy asset and is in magnificent condition throughout.

Previously on the market for $8.6 million, the vendors are now committed to sell and have reduced the price to $7 million (plus stock) which represents a room value of only $104,477*. This is well below market for such a quality 4-star property.

*approximate

Elders Real Estate Hobart
Elders Real Estate Hobart
5 Victoria Street
Hobart, TAS 7000

Property Highlights

Floor Area5,396 m²
Land Area10.73 ha
Parking100 x Onsite parkings
Annual ReturnAsk Agent
AvailabilityVacant
Property ID2019095682
Category
Last updated  2 Oct 2024
Map for Tall Timbers Hotel/5 - 13 Scotchtown Road Smithton TAS 7330
Elders Real Estate Hobart
Elders Real Estate Hobart
5 Victoria Street
Hobart, TAS 7000

Property Highlights

Floor Area5,396 m²
Land Area10.73 ha
Parking100 x Onsite parkings
Annual ReturnAsk Agent
AvailabilityVacant
Property ID2019095682
Category
Last updated  2 Oct 2024

Co-Agents

John Blacklow
Elders Real Estate Hobart
Call
0418 128 735
Nicholas Bond
Elders Real Estate Hobart
Call
0414 395 007

More about Tall Timbers Hotel/5 - 13 Scotchtown Road Smithton TAS 7330

Tall Timbers Hotel/5 - 13 Scotchtown Road Smithton TAS 7330 is categorized as Hotel, Motel, Pub & Leisure Property. It has a floor area of 5,396 m² and a land area of 10.73 ha. There are 100 x onsite parkings.The listing ID for this property is 2019095682.

More Hotel, Motel, Pub & Leisure properties for Sale in Smithton TAS

For SaleFreehold & Business - Asking Price $7 million (plus stock)
tall timbers hotel/5 - 13 scotchtown road,smithton, TAS 7330
5,396 m²
Hotel, Motel, Pub & Leisure