The Hampden: Freehold Investment For Sale
42, Fairfax Street, Murchison, Tasman
- Proposed Usage
- Hotel & Leisure
- Floor Area
- 990.00 m²
- Land Area
- 1717.00 m²
- Property ID
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Rarely does an opportunity like this tightly held investment property come to market. The Hampden is a gracious historic Country Hotel that has dominated the Murchison High Street for most of the last century.
Under the stewardship of the vendors since 1993, the Hampden is an iconic waterhole for locals, tourists and travellers and has earned her place.
Murchison is a steadily growing town, benefiting from the tourism boom through being a mecca for the worlds trout fisherman and popular with hunters, Mountain bikers and hikers. Murchison is well positioned with agribusiness category growth through Dairy Farming , Forestry and some grazing country.
Situated in the heart of Murchison on what is undeniably the best corner site in the town, the Hampden spans 1717m² of flat land in a broad rectangle with the longest face to the busy State Highway 6. Fairfax Street runs up into the centre of town, past the service retail precinct and alternative accommodation providers. Offering 21 well presented rooms and all the various ancillary services to meet their requirements, the buildings appear well maintained and tidy. There is excellent profile for the tenants business, plenty of customer parking, and no known issues with the land.
The established tenant has been in residence since 2011, and appears to be running a profitable and successful business. The public bar is an affiliated bar, with brewery interest in the ranging and systems. The bar is complemented by a popular bistro serving hearty meals in a warm cosy environment. Whilst the main centres come under ever increasing yield pressure, established investment properties in regional centres offer a substantial yield advantage to the investor, with properties like this one that have not been vacant in living memory.
Beyond the purchase yield analysis, this is a superb corner site with a fantastic long term future.