University buys Tassie motel
The University of Tasmania has snapped up a vacant motel to repurpose for student accommodation.
The school is speculated to be paying $3 million for the ex-Wellers Inn at Burnie.
On 3103 square metres at 38 Queen Street, also exposed to Bay View Avenue, overlooking Bass Strait, it contains 24 motel style rooms, a self-contained one-bedroom flat, three-bedroom manager’s residence and large restaurant, function room and commercial kitchen.
The lettable area is 1208 sqm.
It previously sold in 2010 for $1.795m (continues below).
It failed to sell eight years later for $2.35m.
In recent years, the property has been leased to the Tasmanian government and used for seasonal accommodation by agricultural workers.
Elders Commercial’s Nicholas Bond and Clinton O’Keefe were the agents.
Subscribe to our newsletter at the bottom of this page.
