Howell Property Group are proud to be representing the sale of a true generational opportunity in 124 George Street Launceston. This property has been under the ownership of only two separate families in over 100 years, the O’Keefe family who are the current owners purchased the property in 1976 and the business has been operating as O’Keefe’s Hotel since 1984.
O’Keefe’s has for many years been a go to in the Launceston pub scene, not only for locals but also the tourism market. On the ground floor the welcoming public bar presents patrons with an enjoyable setting to share a few cold drinks whilst watching sport on the tv or taking in some live music. Two dining rooms are well catered to by a full commercial kitchen, great pub fare is on offer with a renowned Parmi being a staple offering. Outside provides further dining along with an upstairs beer garden complete with an independent bar and games room with pool table. The business provides accommodation upstairs with ten comfortable rooms available and shared bathroom and kitchen facilities.
The freehold property 124 George Street Launceston and business O’Keefe’s Hotel are being offered to the market on a walk in walk out basis with offers invited over $1,500,000
-Building: 646m2 approx. across two floors
-Land size: 392m2 approx.
-Zoning ‘Central Business’ (22.0)
-Prominent high traffic position on corner of George & York Streets
-Public Bar, Beer Garden, Indoor / outdoor dining, Accommodation
-Full commercial kitchen
-All plant & equipment included in the sale
-Reverse cycle air conditioning
-Well-presented commercial property maintained to a high standard
Outgoings: (previous financial year)
Land Tax: TBA
Council Rates: TBA
To learn more about this property, contact Andy at Howell Property Group.