Backpacker Business With Home - Exceptional Investment Opportunity For Sale

Description

Business type: accommodation business and residential property

Location: Picton CBD, New Zealand

Asking price: $1,800,000 plus GST if any

Land area: approximately 1,399 sqm

Property

Commercial properties: two

Main villa: built in 1904

Cottage: built in the 1920s

Interior refurbishment: nearing completion

Exterior improvements: in progress

Builder's report: available

Accommodation

Guest rooms: 15

Room types: ensuite rooms and bunkroom accommodation

Staff quarters: included

Accommodation history: several decades

Operations

Current ownership: nearly 30 years

Reason for sale: retirement

YHA affiliation: planned

Location

Street: Auckland Street, Picton

Interislander Ferry Terminal: direct road access

Link Pathway: passes the property

Whale Trail: passes the property

Queen Charlotte Track boat departure: approximately 300 metres away

Future use

• Continue the accommodation business
• Develop long-term accommodation
• Convert to office use