Posted by Knight Frank on 04/11/2019 in Commercial

The Iconic Cascade Hotel

For Sale by Expression of Interest


Description

The Cascade Hotel is one of Hobart's best known establishments with a long history of successful trading.  This well known high profile hotel is located adjacent to St Johns Hospital in South Hobart, 2 kilometres (approx) from the Hobart CBD.

Includes a public bar, dining room, drive-in bottle shop, large managers' apartment,  4 accommodation units and a large bitumen sealed car park for 50 vehicles.

The hotel is in good condition with $400,000 being spent in 2016.

Originally constructed C1800s,the ground floor has been recently renovated and refurbished with $400,000 being spent in 2016.

Contains two titles with a total land area of 3,007 sqm (approx) 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.

Current annual rent of $300,000 pa, plus GST, plus outgoings.

Hospitality Suppliers Knight Frank
Knight Frank
Contact John Blacklow
Ad Type For Sale
Type of Opportunity Commercial
Category Food & Drink
Asking Price For Sale by Expression of Interest

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