Situated on the banks of the Mersey River in East Devonport, the Edgewater Hotel and adjoining motel offers flexible options for an astute buyer.

Knight Frank’s John Blacklow and Nicholas Bond are selling the property at 2-4 Thomas Street and 34 Pardo Street, East Devonport by Expressions of Interest closing Thursday 13 April at 4pm.

Edgewater is a significant property built in 1883 with an adjoining motel constructed in 1964 and 2002.  The hotel has a building area of about 1202 square metres. Accommodation includes, public bars, dining room, lounge bar, reception, gaming lounge, conference room, kitchens, gymnasium. The motel has 42 guest rooms.

Mr John Blacklow said that over the last few years, the business side related to the property was purposely scaled down whereby evening meals discontinued in June 2019, and breakfasts ceased in March 2020. The hotel was then used for quarantine purposes during the following period.

Mr Nicholas Bond said that a total of 1.32 million people visited Tasmania on scheduled air and seaservices during the year ended December 2019. This does not include cruiseship visitors.

Total spending by visitors to Tasmania increased to $2.53 billion, up by 5%, at an average spend of $1,911 per visitor. Total nights were 10.82 million.

The number of interstate visitors to Tasmania increased to 1.13 million, up by 4%, and the number of international visitors decreased to 293,000 – down 4%.

A number of intersecting streets provide access to local residential properties. The immediate surrounds are dominated by the presence of the Spirit of Tasmania ferry terminal and a number of shipping/ freight logistics warehouses, depots and hardstands.

A range of historic, older style and more recently constructed residential properties are situated in the immediate surrounding area.

John Blacklow, Tourism and Hospitality broker at Knight Frank Tasmania said ‘The Edgewater Hotel provides a rare opportunity to purchase a large gaming outlet with a significant accommodation offering multiple potential income sources.

Nicholas Bond of Knight Frank said, ‘East Devonport is undergoing a significant period of infrastructure investment with the $240 million Tasports Quay Link project currently underway to support the projected 2024 arrival of the two new Spirit of Tasmania vessels which are expected to allow an additional 160,000 passengers annually to enter Devonport as well as the delivery of SeaRoad’s new build vessel ‘Searoad I’ which will be the largest vessel in SeaRoad’s history”.

Mr Blacklow added, ‘The Edgewater Hotel has been identified as a non-core asset for the owner, and as such they have decided to offer the asset to the market at a time when the broader sector has experienced a post covid trading recovery and investor interest and demand in the Tasmanian tourism and hospitality sector is strong.

To request a copy of the Information Memorandum please contact one of the marketing agents Knight Frank’s John Blacklow and Nicholas Bond via the contact details below.

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Edgewater Hotel Tasmania for sale exclusively through Knight Frank.

Click here to view and download the Information Memorandum.