2-6 Penna Road Midway Point, TAS, 7171

Prominent corner freehold with a full-service hospitality offering

Positioned on a prominent corner at Midway Point on the Tasman Highway, this significant site of 5,157 sqm* is a freehold hospitality venue which offers a full-service hospitality experience under one roof, encompassing bar, dining area, gaming lounge, TAB and bottle shop, complete with a separate managers' residence, offering purchasers a fantastic hospitality asset with substantial future development upside^.

An established operator underpins the income on a renewed 5-year net lease and annual CPI reviews, delivering a secure starting return from day one.

The establishment draws on strong local, commuter and visitor trade, positioned just 6 km* from Hobart Airport and 22 km* from the Hobart CBD on the eastern shore's key commuter corridor to Sorell and the East Coast, carrying substantial daily vehicle movements past the site.

Key Investment Highlights:
• 70* onsite car parks
• Favourable net lease structure with tenant responsible for all statutory outgoings including land tax
• 150,000+ passing cars per week, via the Tasman Highway
• The Peninsula at Midway Point boasts a new 201 lot subdivision minutes from the property
• Major development in Sorell on a 160-hectare landholding, expected to deliver up to 2,000 new homes, staged through to 2034
• Annual CPI reviews built in
• 920 sqm* licensed hotel
• Additional 102 sqm* managers' residence
• 5,157 sqm* corner landholding, providing scope for future further development^
• Annual net rent $300,000 + GST**

Secure income, a proven hospitality trade, and development upside, positioning this as a standout opportunity for investors.

Offered for sale by Expressions of Interest closing Thursday 3rd September 2026 at 4:00 pm (AEST).

For further information or to arrange an inspection, please contact George Burbury or James Black.


*Approximate
**Before owner outgoings
^STCA