Scamander Beach Resort sells to Tasmanian syndicate after major revamp

The Scamander Beach Resort was put on the market in October after Vision Hotel Group had completed a major refurbishment of the 60-room property.

Details of the sale have not been disclosed, however, it is understood the property settled for a price between $6.5 million and $7 million in the past fortnight.

Knight Frank's John Blacklow said the sellers had done a great job to restore the coastal icon to its former glory.

READ MORE: 'Birchalls home' to sell for second time since 1935

"When they bought it the property was in pretty much a run-down condition," Mr Blacklow said.

"They spent a lot of money on a refurbishment program and a marketing program and they got a lot of business back to the property - it was completely different when they sold it to when they bought it."

The resort attracted nationwide interest before selling to a "local syndicate" that owns other tourism complexes on the East Coast.

"We had plenty of offers - there were a couple of offers from interstate as well as the local offers," Mr Blacklow said.

"We see a bright future for it, particularly for the group who's bought it - they're also experts in their own field for tourism properties, so it's gone to good hands."

The sale marks the biggest transaction on the East Coast since a 51.7 acre property overlooking Binalong Bay sold for a record-breaking $6 million nearly 18 months ago.

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