3 Penghana RoadQueenstown TAS 7467
Property Details for 3 Penghana Rd, Queenstown
Last Listing description (February 2024)
Consistent performer, 2023 turnover $1,662,237, showing a net profit to a working couple of $642,706.
Enjoying corporate trade, visitors patronage including coach companies.
Rent is only 9% of turnover, long lease of approximately 28 years.
Current operator has under taken a large amount of renovations and upgrades, new tiling, bathroom upgrades, carpets, curtains, etc etc.
Receptionist, chefs, kitchen hands and house maids in place, for a motel with a licensed restaurant.
Incredible return on investment, it can be run under management.
Only $6000 spent on advertising in 23 F/y so there is plenty of upside still available.
Revamped managers quarters, conveniently located close to reception, guest and motel laundry, well equipped commercial kitchen, plenty of parking in front of units.
This outstanding opportunity is hard to find, this has a long lease, low rent, great turnover, brilliant net profit and potential to be a consistent earner for years to come.
Queenstown recently won Australian small tourist town 2023 .
https://tasmaniantimes.com/2023/09/queenstown-wins-top-small-town-in-national-awards/amp/
Phone Business Broker Praveen Pant on 0432 256 682. praveenp@tasbps.com.au or Paul Scott on 0477 771 098 pauls@tasbps.com.au.
INTENDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF.
Please Note: All figures quoted are approximate.
Property Code: 1097
Property History for 3 Penghana Rd, Queenstown, TAS 7467
- 19 Sep 2023Listed for Sale $1,500,000 Negotiable
- 20 Feb 2017Listed for Sale Expressions of interest
- 02 Apr 2015Listed for Sale $495,000 (Plus SAV)
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0About Queenstown 7467
The size of Queenstown is approximately 132.1 square kilometres. There are 7 parks, covering nearly 0.7% of the 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 1,581 properties. Over the last 5 years, Houses in Queenstown have seen a 50.30% increase in median value, while Units have seen a 45.15% increase. As at 30 June 2026:
- The median value for Houses in Queenstown is $217,327 while the median value for Units is $163,880.
- Houses have a median rent of $300 while Units have a median rent of $160.
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