Derwent Valley resort

Investment Memorandum DERWENT VALLEY RESORT 34 Lower Road New Norfolk Tasmania 7140

Get in touch : Craig Bellgrove 0488 013 965 craig@moretasmania.com.au

Leanne Masters 0408 128 325 leanne@moretasmania.com.au Suite 3, 83 Main Rd Moonah

www.morerealestate.com.au

Hotel building Comprising 60 rooms - ranging from backpacker to ensuite rooms Approx 7500 sqm site 3.5 star motel currently operating on site Features: Pool room, gymnasium, dining and lounge rooms, games room, laundry, guest litchens and bathrooms

Introduction

It is with great pleasure that More Real Estate presents Derwent Valley Resort for sale.

Nestled in the heart of New Norfolk, just 32 km from Hobart and a short 24 km drive from the renowned MONA museum, this historic property offers an extraordinary opportunity for savvy investors. Originally built in 1961 as nurses' quarters for the Royal Derwent Hospital, the site has been transformed into a charming 3.5-star hotel, ready to impress.

Property Highlights: - Prime Location: Easily accessible for both leisure and business travelers, located within a vibrant regional hub.

- Spacious Accommodation: Approximately 60 rooms in a variety of configurations, including single rooms, 1- and 2-bedroom self-contained ensuite units,backpacker rooms and a top-floor self-contained unit with premium features.

Recreational Facilities Additional features Gymnasium Two gym spaces have been set up in the premises, one in the hotel space and one in the linked building space near the basketball court. Both areas have been fitted out with new gym equipment for guests and visitor use.

Billiard Room This is a generous space within the hotel for rest and relaxation. A full size snooker table is situated here for those wanting to flex their competitive muscle or simply have a quiet game.

Guest spaces The guest lounge has picturesque views, a breakfast/dining room, and a billiard room.

Guest laundry, and lift for added comfort and convenience.

Kitchens and laundry facilities on each floor for ensuite room guests.

Manager's Residence: Onsite accommodation ensures seamless operation.

Sustainable Design: Energy-efficient double-glazed windows, a 32kW solar array, and 8 solar hot water systems keep operating costs low LED globes are installed throughout the building.

Move-In Ready and Fully Equipped This turnkey property comes fully furnished and is situated on a substantial 7,500 sqm block zoned for light commercial and high-density residential use, offering endless opportunities for development, rebranding, or expansion.

Financials and Inspection Comprehensive financial details are available upon request, showcasing the property's impressive investment potential Property is fully furnished as displayed

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Property Summary Property details Address: 34 Lower Road New Norfolk Location: Central to attractions like Russell Falls, Southwest Wilderness area, Agrarian Kitchen, MONA museum Sale details; For sale by offer Property ID 2521790 Certificate of Title: 141791/2 Building Area: Land area: 7443 sqm Local Authority: Derwent Valley Council Use: Hotel Accommodation Heritage: The property is not listed on the Tasmanian Heritage Register.

Refer Derwent Valley Council Town Planning for their local planning requirements.

Building Compliance: All council, fire, and statutory certificates, schedules, and permits have been issued and are up to date. Further information upon request.

Financials: Land tax - Approx $18,000 Rates - Approx $15,000 Full financial details available on request

Car Parking: Extensive off-street onsite sealed car parking available Please note all areas given are approximate only and are provided as a general guide only.

Property Summary

Sales Process Method of Sale Method of Sale: For sale by offer.

A contract for sale will be available by request.

Inspections All inspections of the property and facilities are strictly by appointment with the Agent and will be conducted onsite at a mutually agreed time.

Terms of sale Deposit of 10% is payable upon the exchange of contract with the successful Purchaser.

All overseas potential buyers must satisfy the conditions of the Foreign Review Board (FIRB) Rules & Regulations and are strongly recommended to seek formal advice from their respective professional advisers, before submitting their offers.

Agent Details

Craig Bellgrove Director and Senior Sales 0488 013965 craig@moretasmania.com.au

Leanne Masters Property Representative 0408 128 325 leanne@moretasmania.com.au

Suite 3, 83 Main Rd Moonah

Suite 3, 83 Main Rd Moonah