Waratah on York, Areca Hotel buildings up for sale

The heritage-listed, circa-1863 Waratah House has been listed for sale as one of two adjoining buildings that operate as hotels.

Waratah on York and the 2012-built Areca House are leased until 2026 to an accommodation company, who have options for a following 18 years.

The two properties take in 18 ensuited rooms and a three-bedroom apartment across a 1290 square metre block atop Windmill Hill.

The property marks Launceston's first major listing of 2023, and is being marketed by Roberts Real Estate's Jess Christmas and Michael Walsh.

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"It's going to be a big investment syndicate or a superannuation fund - it's pretty big dollars just for your average investor in this market," Ms Christmas said.

"The market's a little bit dormant while people have been in holiday mode, but typically from Australia Day onwards things will kick back into gear."

A number of hotels in Northern Tasmania remain on the market.

Just down the road, offers of more than $1.15 million are expected for the leasehold at Balmoral on York.

On the East Coast, the newly-renovated, 60-room Scamander Beach Resort is under contract after being listed in early October.

The Rosevears Hotel, which features 28 units, a pub and a bakery on the banks of the Tamar River, hit the market not long after and remains up for grabs.

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