Backpacker Business With Home - Exceptional Investment Opportunity For Sale

Description

Established Accommodation Business and Residential Opportunity in Picton CBDAn exceptional opportunity is available to acquire both a residence and a thriving accommodation business positioned in the heart of Picton’s CBD. With increasing international visitor numbers and renewed momentum surrounding the KiwiRail iRex Ferry Terminal project, this property is ideally positioned to benefit from the continued recovery and growth of regional tourism.Property Highlights:* Two commercial properties situated on a sunny 1,399 sqm site.* Operating as affordable accommodation for several decades.* Set to become part of the refreshed National YHA Chain, a globally recognised accommodation brand.* Current owners have successfully operated the business for nearly 30 years and are now retiring.Property Features:* Main villa constructed in 1904.* Cottage built in the 1920s.* Interior refurbishment and redecoration nearing completion, with external improvements continuing.* Recent builder’s report available for buyer confidence.Accommodation Details:* 15 guest rooms including ensuite rooms and bunkroom accommodation.* Dedicated staff quarters for added convenience.* Ideal opportunity for buyers seeking a long-term investment combining lifestyle and income.Business Potential:* Positioned to benefit from increasing international tourism demand.* Flexible options available, including continuing and revitalising the current accommodation business, developing long-term accommodation, or converting the property into office space.Location:* Located on Auckland Street, with the current State Highway One providing direct access to the Picton Interislander Ferry Terminal.* Popular with walkers, cyclists, and mountain bikers, with the Link Pathway and Whale Trail passing directly by the property.* Convenient access to the Queen Charlotte Track, with the departure point accessible by boat approximately 300 metres away.This is a rare opportunity to secure a valuable asset within Picton’s growing accommodation sector. Whether seeking a lifestyle property with income potential or a strategic business investment, this opportunity offers multiple possibilities.Asking Price: $1,800,000 + GST if any.For further information or to arrange a private viewing, please contact specialist Accommodation Business Broker, Tracey Green.