14 Brisbane Street, LAUNCESTON – Iconic Hotel with upside
Iconic Launceston Pub For Sale The Royal Oak
With retirement looming the owner has decided to sell after a solid 42 years of serving, entertaining and feeding many thousands of locals and interstaters alike.
First licensed in 1851 the Royal Oak Hotel is a pub that oozes immense character and ambience and is now seeking a new owner to take it to the next stage of its long life.
The location of the Oak certainly displays upside, sited on the popular pedestrian ant trail and located high upon the corner of Brisbane and Tamar streets. Only a short walk to the UTAS Stadium (Home of the mighty Hawks) and directly opposite Launceston’s magnificent City Park. Access to Launceston’s city centre is literally a minutes walk away with the City Park opposite, the park is home of Tasmania’s popular Festivale weekend, Symphony under the stars and Carols by candlelight.
Make money from day one while continuing to provide patrons with the fabulous range of cold beers, quality pub food and entertainment that the Royal Oak is well renowned for.
The Royal Oak is a definite favorite for the North’s Uni students with the planned relocation and expansion of the North’s University Campus only a short walk from the Royal Oak, this development soon due for commencement.
A further extended clientele base will be a given with plans also a foot in the Tamar Street precinct for the proposed development of two major accommodation entities, this adding multiple tourism beds.
This continued growth in Tasmanian tourism numbers is very promising engendering confidence to continue to run the pub as is or partially or fully redevelop the character Hotel into either a Whiskey Distillery, Craft Brewing facility, Tasting room plus upgrades to its current onsite accommodation STCA, while remembering position is everything.
For further detail and scheduled inspection, contact the agent Marcus Douglas.