JLL Hotels & Hospitality Group has been exclusively retained to offer for sale the Bayside Inn in St Helens. The offering forms part of EBC Hotel & Leisure Fund’s Hotel Portfolio in Tasmania comprising three large format freehold going concern hotels, which are available in-one-line or individually.
The Bayside Inn is located on Tasmania’s beautiful east coast in the centre of town with stunning views overlooking Georges Bay. The local shops and cafes are only a few metres away and only a short drive to many of the beautiful beaches that surround St Helens.
- Undergone extensive renovations in recent years
- 54 guest rooms with upstairs rooms offering bay views
- 30 electronic gaming machines
- Sports bar, large bistro (200 PAX), gaming room, function room, children’s playground, bottle shop, indoor heated pool and manager’s accommodation
- Attractive mix of departmental revenues providing stability to all operations
- Significant depreciation benefits available
- Large site area of 5,615sqm
- FY18 revenue of $4,009,946*
- FY18 EBITDA^ of $962,172*
Further development scope (STCA)*As supplied by vendor
For sale by Expression Interest, campaign closing on Thursday 4th October 2018 at 4pm AEST