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Prospect House - A Unique Australian Investment - For Private Sale By Owner

SOLD AS OF 4th JUNE 2003

Currently a Boutique 4 and a half Star Hotel, The Potential is Limitless - a Stately Home, Boutique Winery or Convention Centre

Email: prosrich@southcom.com.au

Contents of this Site

Overview of Property

Prospect House in Richmond Tasmania, 26 kilometres from the State's capital city of Hobart, is an icon in the Heritage Accommodation Industry in Australia. Combining the old world charm and ambience of the 1830's with all modern amenities expected by today's discerning traveller, it sets the standards for Tasmanian Heritage Tourism. A member of the Choice International Hotels Group, with a four and a half star AAA rating, Prospect House is well placed to move into the next stage of International Tourism or development into other areas as outlined below. Previously marketed by Flag Choice Hotels Australia as a Flag Heritage property, Prospect House recently took on the Choice International branding of "Comfort Inn Prospect House". The Comfort Inn group is one of the largest hotel groups in the world and the brand, one of the best known hotel brands in the world.

Tasmania, an Island State South of mainland Australia, is considered one of the safest, cleanest and most beautiful places in the world.


Why is it for sale?

A question which would no doubt be on the mind of any interested party. If you follow the Tourism Website link below you will find, amongst other things, a history which explains how we, Mike and Shauna Buscombe, purchased the property in 1990 after discovering that Prospect House was built and owned by my great great grandfather in 1830.

We had dreams of staying here forever, perhaps our sons taking over the business or even getting to the stage where we could close the business and simply live in the beautiful buildings as my ancestors did.

Circumstances change, sons don't always follow in their parents' footsteps and other opportunities arise. After 12 years, it is time for a change. Shauna is practising in her profession as a Psychologist and I have decided to follow my dreams at the ripe old age of 47, of becoming a professional musician as per the "Mike's reason for selling" website link below.

Are we sad at the prospect of selling our ancestral home? Yes of course we are but life is full of new challenges and excitement and we are looking forward to change.

Prospect House Tourism Website
Mike's Reason For Selling Website


The Price

A$1,600,000 (Approx US$880,000)

The Features in Detail

23 acres of rich land 1 km from the centre of Richmond

1830 Georgian Mansion containing three Restaurant Dining Rooms with a total capacity of 65 seats, Wet Bar, Staff Room, 1 Guest Room/Bathroom, Fully furnished boardroom, Guest Lounge and Office

West Wing of House containing Hotel Reception in the 1830's kitchen and a 3 Bedroom Self Contained Spa Unit in the old servant's quarters and coach house

East Wing of House containing Commercial Kitchen, Cool Room, Dry Store, Guest Laundry, Stables and Store Room

North Wing containing 10 Guest Rooms with ensuite bathrooms in the 1830's Haylofts and Barns

Two cellars under the house which served as a convict jail in the 1830's housing the convict workforce

A 6 year old 4 bedroom Luxury Executive Home (130 metres from the Main House)

Workshop storage shed

Lock up 2 car Garage

Clay Tennis Court


Room Amenities

Each of the 12 Guest Rooms / Units has an ensuite bathroom equipped with heating, exhaust fan, hairdryer, some with baths and showers, some with showers only and one with spa bath and shower.

10 Channels of Cable Television are in each room with the 4 local channels.

Clock Radio, Direct Dial Telephone, Mini Bars, Tea and Coffee Making

Antique decor, Brass Beds and Antique Dressers, table and chairs in each room


Potential Developments for Prospect House

Winery:

Prospect House is situated in the Coal River Valley, a fast growing Boutique Wine Region with several recent multi million dollar investments from France, America, China and major Australian wineries. Prospect House with 23 acres and one of the most imposing Georgian Buildings in Australia is well suited as a Boutique Winery, especially with the irrigation rights. Land either side of Prospect House could also be purchased should a larger vineyard be desirable. Town water is on site and a sewerage plant exists that could be connected up to the mains sewerage 800 metres away should that be required.The location for a Winery development could not be better with Richmond as the second most visited town in Tasmania, the rich irrigated land and the already existing infrastructure.

Reception Centre:

There is plenty of room for a tastefully constructed large reception centre to capitalise on the growing convention industry. This could be used for Weddings, Functions, Product Launches as well as Conferences and Conventions.

Stately Home:

Another alternative for this spectacular property is to simply live in it. Imagine living in such a beautiful mansion in one of the safest, cleanest and most beautiful places in the world. The Tourism Accommodation could be converted into all sorts of uses such as music rooms, childrens' private accommodation, personal office space and of course private guest accommodation.