375 Hobart Rd, Youngtown TAS 7249

A fantastic opportunity to purchase and live on site with minimal overheads, low vacancy rates and strong returns.

Cosy Homestead offers budget, transitional and long term accommodation. The property comprises of 16 individual furnished rooms, 5 with internal showers and 1 with a full en-suite, a communal kitchen, living area, dining room and 3 communal bathrooms, and can provide sleeping arrangements for up to 40 people, set across 2 buildings.

The property also contains a 2.5 bedroom managers residence with office area, private kitchen and bathroom, as well as a secure courtyard and secure parking for 2 cars.
Currently the owner is responsible for all the day to day operations of the business including maintenance and cleaning but this could be re-organised with minimal effort. The business has been run successfully with an onsite caretaker in place in the past.

Well located in the southern suburb of Youngtown, with direct access to bus stops (40/50) and next to an IGA supermarket, the property also enjoys close proximity to the Kings Meadows shopping precinct and the Launceston Airport and offers potential STCA to expand or adapt to another use with an Inner Residential Zoning allowing for a large scope of uses.

Trading figures and inspections are by appointment. A rare opportunity exists to own a superb freehold property that will continue to increase in value while operating a business that is essential in today's market with strong returns and minimal vacancies.

Offered for sale as a going concern on a WIWO basis at offers over $675,000 including all plant, equipment and business chattels.

Inspections by Appointment

The Phone Code for this property is: 70891. Please quote this number when phoning or texting.

Disclaimer:

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