27-33 Driffield Street, Queenstown, TAS 7467 | Commercial for sale | OnTheHouse
 
FOR SALE
$895,000+SAV

27-33 Driffield Street
Queenstown TAS 7467

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1m2
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Best Value Tasmanian Hotel All Revenue Streams , Excellent Presentation FHGC 0/0 $895,000 +sav

This extraordinary opportunity includes a bricks & mortar property, all plant and equipment, an established income producing business and residence. Queenstown is booming, property prices are sky rocketing, tourism activity is higher than ever and mining activity is very positive.
This is a value for money purchase, selling below government valuation, priced to sell, will not last.
A completely renovated, updated and modernised hotel, excellent presentation, one of only 2 operating hotels in vibrant Queenstown.
Varied income streams from bar sales, Duncan's bottle shop, accommodation, Keno, Tab and 10 Gaming Machines (owned by the hotel) and well equipped commercial kitchen. Enjoys strong local support, popular with tourists and mine workers.
The accommodation comprises 12 back packer rooms with 4 bathrooms ( very popular with workers), and 6 refurbished en-suite rooms (one still to be upgraded), upstairs very modern one bedroom managers quarters.
Turnover of approximately $1,500,000 in 2024F/Y with absentee owners, under management, this pub is loaded with potential and would show a working couple an excellent ROI.
With the following salient features
*Large main bar, with two year old Glycol beer system with 3 fronts and 5 beers, 8 ball, darts and juke box.
* Dining room/Bistro can comfortably seat about 70 patrons.
*Drive through bottle shop
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Property Details for 27-33 Driffield St, Queenstown

Building Type
Commercial
Floor Size
1m2
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About Queenstown 7467

The size of Queenstown is approximately 132.1 square kilometres. It has 7 parks covering nearly 0.7% of total area. The population of Queenstown in 2016 was 1790 people. By 2021 the population was 1808 showing a population growth of 1.0% in the area during that time. The predominant age group in Queenstown is 50-59 years. Households in Queenstown are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Queenstown work in a trades occupation.In 2021, 71.50% of the homes in Queenstown were owner-occupied compared with 69.70% in 2016.

Queenstown has 1,579 properties. Over the last 5 years, Houses in Queenstown have seen a 97.70% increase in median value, while Units have seen a 114.90% increase. As at 30 November 2025:

  • The median value for Houses in Queenstown is $219,528 while the median value for Units is $210,155.
  • Houses have a median rent of $290 while Units have a median rent of $160.
There are currently 33 properties listed for sale, and 2 properties listed for rent in Queenstown on OnTheHouse. According to Cotality's data, 69 properties were sold in the past 12 months in Queenstown.

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