5 - 13 Scotchtown Road
Smithton TAS 7330
- 100 Parks
Freehold & Business - $7 million (plus stock)
Magnificent multi award-winning resort complex
Nestled in the heart of Smithton, Tall Timbers Hotel is a unique and picturesque complex that offers a serene and peaceful escape for locals and tourists.This expansive estate, which spans over 10.73* hectares of lush pasture, lakes and creeks, is home to a range of facilities and amenities, including luxury accommodation, and dining options.
In addition to the 67 rooms and hotel facilities, the hotel offers a range of recreational activities such as 2 tennis courts, a gym, and a leisure centre with indoor heated pool.
Since 2005, the owners embarked on an expansion and renovation program costing over $5m*.
The figures are continuing their upward trajectory, with an increase in hotel occupancy, plus advantageous changes to the gaming legislation in July 2023. Current figures show 2024 revenue of $7,091,896*.
The hotel was constructed in 1990 and has been owned by the same family for 35 years.
There is little doubt that this multi award winning acquisition is a trophy asset and is in magnificent condition throughout.
Previously on the market for $8.6 million, the vendors are now committed to sell and have reduced the price to $7 million (plus stock) which represents a room value of only $104,477*. This is well below market for such a quality 4-star property.
*approximate
Features
General Features
- Land Area: 11hect
- Commercial Type: Hotel/Leisure
- Building Area: 5,396sqm
- Zoning: Rural Resource
- Car Spaces: 100
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