One of Tasmania’s most successful hospitality enterprises on one of the State’s most memorable sites, the Rosevears Hotel is up for sale through Knight Frank’s John Blacklow and Rodney Rawlings together with Shepherd and Heap’s Marcus Douglas. 

Located in the Tamar Valley, the Rosevears Hotel represents a significant opportunity to own and operate a business with first class facilities and great growth prospects.

Vendor, Allan Virieux has spent the past 12 years rejuvenating the historic property into a top-notch accommodation facility.

Mr John Blacklow said, “I’ve been selling pubs for about 40 years – I’ve probably sold 400 hotels and motels in Tasmania – and I reckon Rosevears is one of the best we’ve marketed”

“Its position, its outlook – it’s all quality,” he said.

The Rosevears Hotel was originally built in 1831, re-built in 1854., and again in 1938. Subsequent additions were carried out over the years until 2015 when a major renovation transformed the old hotel into an upmarket multi-functional venue.

A new beer garden and ‘glasshouse’ dining area were created to take full advantage of the spectacular river views, together with a new corporate board room and a private cellar. The development then took on another level with the construction of 28 boutique hotel suites in 2017, a bakery in February 2021, followed by a large entertainment marquee in July 2021.

9.jpg

Mr Rodney Rawlings said the property was built to maximise its prized waterfront location.

Mr Rawlings added, an important consideration to any purchaser is the future opportunity to strata title the 28 units.

They have been built for strata title specifications and we understand that once the strata plan has been stamped the plan can be implemented. From advice provided by local real estate agents, if the units were offered for sale either to owner-occupiers or investors, the average market value would be around $225,000.

With 28 units, this provides an underlying real estate value (just for the accommodation component) of $6.3 million. Due to the pandemic, the Tasmanian borders only re-opened on the 15th December 2021, and coupled with the new business additions and quality management, the Rosevears Hotel has certainly become a major business force.

1_8.jpg

A spectacular waterfront site on Cimetiere Point overlooking the Tamar River creates a brilliant visual impression that’s immediately matched by the hotel’s range of outstanding spaces. Views over the river add a brilliant accompaniment to bright, modern, well appointed areas including a public bar and lounge bar, two dining rooms, and a substantial deck.

The commercial kitchen’s proven capability, while the hotel reception area and office are perfectly fit for purpose. A highly regarded and consistently patronized bakery adds another layer of appeal and income stream to the hotel which also includes a function room, a substantial entertaining marquee and an observation deck.

The 28 inviting units featuring balcony aspects, adjoining rooms and stylish bathrooms that define the accommodation arm of a business have been built to meet strata title specifications.

Ample car parking on a site measuring some 11,710 sqm completes a rewarding scenario in a well known, much loved location of outstanding natural beauty.

Knight Frank and Shepherd & Heap, have been instructed by the vendor, Rosevears Developments Pty Ltd, to sell the freehold and business of the “Rosevears Hotel” by Expressions of Interest closing at 4pm on Thursday 17th November 2022, at the offices of the selling agents.

For a copy of the Information Memorandum please contact the agents Knight Frank’s John Blacklow and Rodney Rawlings together with Shepherd and Heap’s Marcus Douglas, via the contact form below.