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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  17 Dec 2024
Map for Tall Timbers Hotel/5 - 13 Scotchtown Road Smithton TAS 7330
The "rollout status" and "service type" can connect to services over the nbn network but may require additional work to be completed first. On rare occasions, some premises cannot be connected.
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  17 Dec 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