Tourism & Business List
Cascade Hotel . 22 Cascade Road, South Hobart TAS . For Sale for Offers over $4.5 million .
Vendors committed to sell l Yield Net 7%
This well-known high-profile hotel is located adjacent to St Johns Hospital in South Hobart, 2 kilometres* from the Hobart CBD. Includes a public bar, dining area, drive-in bottle shop, 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 very little competition in this highly popular suburb.
Large land area of 3,007 sqm*
Two street frontages
Highly successful business over a long period
Ideal for further accommodation development (STCA)
Annual rent approx $315,892 after all outgoings
Potential uses” micro brewery, distillery, accommodation, expansion, infill residential
John Blacklow 0418 128 735 john.blacklow@au.knightfrank.com
Scott Newton 0409 186 261 scott.newton@au.knightfrank.com
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*All areas, income and boundaries are approximate
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