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Thursday, April 8, 2010

Motel for sale


NEW Norfolk's largest motel is up for sale. Described as a high yielding investment by selling agents Knight Frank (Hobart), the property includes 30 motel rooms with ensuites, one self-catering two-bedroom unit and a manager's residence, with a prime site at the entrance to New Norfolk's central business district.

Originally called the Amaroo, the motel's rooms have been refurbished in the last five years, and the main reception building and restaurant was built from the ground up after a fire about 10 years ago.

The business itself is not for sale, with a a 20-year lease signed only recently. Knight Frank (Hobart) is taking expressions of interest until April 28. Read more here.
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