Function venue for sale, Devonport TAS
Photos: LINK Business Brokers
About the business
A log cabin function centre and restaurant on approximately 1 acre at Gowrie Park, below the Mount Rowland Range, Tasmania. It serves tourists, locals, group bookings and functions such as weddings, conferences and school camps. The sale is freehold, including a modern home and the renovated large log cabin restaurant. The renovated insulated 3 bedroom home is metres from the restaurant. Plant and equipment are included. The reason given for the sale is that the vendor wants to move on.
Financing calculator
An estimate, not a loan offer. Change the numbers to see what buying this business would take in cash and what the repayments would be each month.
Asking price$250,000
Paid by
Your cash$75,000
Secured loan, 7 years at 6.98%$175,000
Each month
Loan repayment$2,640
Repayments each month
$2,640
Over 7 years you repay $221,719, of which $46,719 is interest.
Secured on property: the RBA's average for small business new loans secured on residential property, August 2026. Lenders set their own rates and terms, and this leaves out stamp duty and fees. Source: Reserve Bank of Australia 2026.
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