Summary
Own your own business and live on site – Suitable for Hands on operators
About the Business
Business ID: XB164775
Own your own business and live on site – Suitable for Hands on operators
This accommodation business, offered for the first time in 30 years, is a clear example of an asset with room to grow or maintain the existing 11 large apartment motel-style apartments.
Set on an approximate 7,000m² landholding with private right of way, this purpose-built accommodation property and business presents a rare freehold opportunity in one of Tasmania’s most tightly held coastal tourism corridors.
The property comprises 11 motel-style accommodation units, including fully self-contained apartments. A total accommodation capacity of approximately 48–56 guests, depending on configuration.
Or live in one 2-bedroom accommodation unit and run the business as a 10-unit motel
The Motel-style Apartments offer full kitchen and laundry facilities, suited to families and extended-stay guests, while the lodge suites with kitchenette facilities cater to short-stay, corporate and touring guests. This dual-format offering gives an incoming operator flexibility to capture multiple guest segments across the one asset.
The business is already delivering established income, with recent trading data showing a revenue uplift of approximately 16.7% (Jan–March comparison), a strong indicator of positive momentum under current management.
Pricing remains under-optimised relative to comparable properties, leaving clear scope for an incoming operator to lift yield through disciplined rate and revenue management.
Highlights:
- 11 accommodation units: self-contained cottages and Sherbourne Lodge suites
- Total capacity approx. 48–56 guests depending on configuration
- Apartments: full kitchen and laundry, ideal for families and extended stays
- Apartment suites: kitchenette facilities, suited to short-stay, corporate and touring guests
- 7,000m² freehold landholding, including private right of way
- Established income with demonstrated recent growth (16.7% revenue uplift, Jan–March)
- Under-optimised pricing – clear upside for a hands-on operator
- Strategic East Coast Tasmania tourism location
This is a genuine opportunity for a live-in accommodation operator to deploy dynamic pricing and yield strategies to unlock its full potential – full transition period and training offered.
Asking Price: Expression of Interest
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