Tourism & Business List
Cascade Hotel . 22 Cascade Road, South Hobart TAS . For Sale for $5.5 million .
This well known high profile hotel is located adjacent to St Johns Hospital in South Hobart, 2 kms* from the Hobart CBD. Includes a public bar, dining area, drive-in bottleshop, beer garden, four apartments, large managers residence and plenty of on-site parking. Originally constructed circa 1846, the ground floor has been recently renovated and refurbished. The site contains two titles with a total land area of 3,007 sqm* and street frontages to both Cascade Road and Wentworth Street. The hotel has a long history of successful trading and has no hotel competition in this highly popular/high income suburb.
Large land area of 3,007 sqm*
Two street frontages
Highly successful business over a long period
Rent review due July 2023 - linked to CPI
Annual rent $320,320* per annum, plus GST, plus outgoings
Ideal for further accommodation development
John Blacklow 0418 128 735 john.blacklow@au.knightfrank.com
Scott Newton 0409 186 261 nicholas.bond@au.knightfrank.com
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*All areas, income and boundaries are approximate
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