Elders Commercial agents John Blacklow and Claude Alcorso have been appointed to sell the Tasmanian landmark Fox and Hounds Hotel with an asking price of $6,700,000 (plus stock).
Elders Commercial has been exclusively engaged to sell the landmark Fox and Hounds Historic Hotel which has an asking price of $6,700,000 (plus stock).
Located at 6789 Arthur Highway, Port Arthur the landmark Fox and Hounds boasts a tavern, restaurant, reception, drive-in bottleshop, 27 rooms, 11 apartments, five staff rooms, two managers residences, meeting room, laundry building, workshop, and tennis court. The property features a substantial site area of 6.4663 hectares.
Elder's Claude Alcorso said the Fox and Hounds is a traditional Tudor Style property in a wonderful location.
“It overlooks the waterfront (Stingaree Bay) in bush surrounds and is only a one-minute drive to the famous Port Arthur Historic Site which is one of the top tourist attractions in Australia.”
Elder's John Blacklow said Port Arthur Historic Site received a record 336,000 visitors in 2023, and with the huge popularity of Pennicott Wilderness Journeys, it has become an award winning Tasmanian success story.
“The opening of the Three Capes Walk in September 2015 has further enhanced Tasmania’s spectacular Tasman Peninsula as being a major tourist destination. The actual walk leaves from Port Arthur. The Fox and Hounds is an iconic, gorgeous, seafront resort which offers freshly renovated hotel rooms and self contained apartments, plus the Fox’s famous English Pub and Restaurant.
The property is highly visible from the highway and is the perfect base for exploring the historic site as well as other major tourist drawcards nearby.
There are currently 38 rooms available. However, rooms 39 and 40 currently used by staff can easily be added to the inventory to increase the total to 40 rooms.
In 2023 the rooms were substantially renovated and the business shows exceptional trading figures (under management) with a very strong return on investment.
The property is located on the eastern side of the Arthur Highway within 300 metres of the historic site and occupies a waterfront position at Stingaree Bay. The property has a generous road frontage to the Arthur Highway and is highly visible to traffic from both directions.
Although international visitors have been increasingly returning to the state, visitation overall was overwhelmingly interstate visitors (85%) with 1,065,700 mainland Australians visiting the state. There were 207,500 international visitors who spent $3.4 million nights with a spend of $365.2 million.
Mr John Blacklow concluded by saying, "The current revenue is around $3.35m with a very high net return on investment under full management. Fantastic sea views with plenty of room for further development."