We are privileged to offer for sale for the first time in 20 years this outstanding 4 star motel.

Fantastic Derwent River location opposite Wrest Point Casino and Lords Beach and only 3 kilometres from the Hobart CBD. The property is within 1 kilometre of the Royal Yacht Club and marina, Derwent Sailing Squadron and the large University of Tasmania campus. The busy Sandy Bay shopping precinct,
Salamanca Place and the ferry service to MONA are all within walking distance.

Includes 33 accommodation suites, a 3 bedroom apartment, manager’s residence, reception and office, gymnasium and sauna, laundry and kitchen, large store and workshop, and on site parking.

The business is easy to operate with a no food or beverage trade—just straight accommodation (breakfast packs are available on request).

All of the 33 rooms have been substantially refurbished with the last stage completed by 2016. Consequently there is no capital maintenance required for some time.

It is no secret that tourism is booming in Tasmania, particularly in Hobart. There are currently 1.17 million annual visitors and the State is on target to achieve the Tourism Tasmania goal of 1.5 million visitors by the year 2020.

The new runway extension at Hobart Airport will create direct flights to the Asian market, particularly China.

It is almost impossible to buy a motel anywhere in Hobart, let alone such a high calibre property as Motel 429.

This is indeed the rarest of opportunities which should not be missed!

Formal tenders close at the office of Knight Frank at 5pm on Thursday 16 February 2017.

A full property report is available from the sole selling agents.