A roofless concrete ruin of the Royal Hotel in a Tasmanian ghost town has sold for $300,000 to a Perth couple who have never visited Tasmania, according to The Guardian.
The couple purchased the property sight unseen. The building stands on the edge of the main highway between Hobart and Tasmania's west coast. The Guardian describes it as "one of the few official ruins in Tasmania" and notes the structure is weathered by the elements with no roof.
The buyers hope the hotel's history will become a tourism drawcard, The Guardian reports. No further details about the buyers' plans, the building's condition, restoration costs, or the timeline for development appear in the supplied material.