Picton, South Island

Opportunity Awaits: Thriving Backpacker/Hostel Business in Picton's CBD

FHGC - GST if any

Business Description

Don't let this opportunity slip by! Here's your chance to not only own a residence but also acquire a thriving accommodation business in the heart of Picton's CBD. With a growing influx of international visitors and the momentum building behind the KiwiRail Irex Ferry Terminal project, now is the time to seize this opportune moment to capitalise on the resurgence of tourism in the region.

Located in the picturesque town of Picton, in the South Island of New Zealand, this business offers much more than just a place to stay. Set on a sunny 1399 sq m2 site, this property consists of two commercial properties that have been operating as affordable accommodation for decades. What's more, it will soon be part of the refreshed National YHA Chain, a globally recognised brand.

The main villa, built in 1904, and the cottage, built in the 1920s, exude charm and character. With interior refurbishment and redecoration almost completed, and ongoing external work, this property is ready to welcome guests with open arms. A recent builder's report is also available for your peace of mind.

With 15 guest rooms, ranging from ensuites to bunkrooms, this business caters to a diverse range of travellers. Staff quarters are also available for convenience. Whether you're seeking a long-term investment with a home and income or looking to explore versatile options, this property has it all.

Strategically positioned for the surge in international visitors, this business is ideally located on Auckland Street, the current State Highway One that leads directly to the Picton Interislander Ferry Terminal. Specialising in walkers, cyclists, and mountain bikers, with the Link Path Way and Whale Trail passing the door, this business is perfectly situated for those looking to explore the great outdoors.

Don't let the chance slip away to secure a slice of Picton's vibrant accommodation landscape. With the potential to operate and revitalise the existing business, explore long-term accommodation, or convert to office space, this property offers a plethora of possibilities.

To learn more about this exciting opportunity or to arrange your private viewing, please contact specialist Accommodation Business Broker, Tracey Green, on + ---------- 0 or email ---------- now and embark on a rewarding business venture in the heart of Picton's CBD.

Business Summary

Marketing Agent

Key Investment Insights

Key Insights:

1. Prime location in the heart of Picton's CBD, a popular tourist destination in the South Island of New Zealand.

2. Opportunity to not only own a residence but also acquire a thriving accommodation business.

3. Growing influx of international visitors and the momentum behind the KiwiRail Irex Ferry Terminal project make it an opportune time to capitalize on the resurgence of tourism in the region.

4. Property consists of two commercial properties that have been operating as affordable accommodation for decades.

5. Will soon be part of the refreshed National YHA Chain, a globally recognized brand.

6. Main villa and cottage exude charm and character, with interior refurbishment and redecoration almost completed.

7. Recent builder's report available for peace of mind.

8. 15 guest rooms, ranging from ensuites to bunkrooms, cater to a diverse range of travelers.

9. Staff quarters available for convenience.

10. Strategically positioned on Auckland Street, the current State Highway One that leads directly to the Picton Interislander Ferry Terminal.

11. Specializes in walkers, cyclists, and mountain bikers, with the Link Path Way and Whale Trail passing the door.

12. Potential to operate and revitalize the existing business, explore long-term accommodation, or convert to office space.

13. Offers a plethora of possibilities for a rewarding business venture.

14. Contact specialist Accommodation Business Broker, Tracey Green, for more information and to arrange a private viewing.
Listing location

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Backpacker/Hostels For Sale

You may also like

More Backpacker/Hostel For Sale Searches
    Streaky Bay Islands Caravan Park
    Substantial CBD investment
    Exclusive - NO REQUIREMENT to Live Onsite & Extra Rental Income – ID 9129
    Majestic Ocean Views - ID 8423
    AN OUTBACK MOTEL AND CARAVAN PARK OASIS WITH SOLID RETURNS - 1437ML
    Exclusive - Navigate Towards Success in Hervey Bay- ID 9127
    NOP $315K BUSINESS-ONLY MLR PORTFOLIO WITH NO COMMON FACILITIES | Resort Brokers ID : MRB008205
    Outrigger: Where Hospitality Meets Profitable Waves, Surging with Over $377k in Net Profit!
    Ill Health Requires Sale - Performing Very Well
    Unlock Robina's Location: Net Profits over $141,000 in a Vibrant Business Hub!
    Money Maker Holiday Park Close to Town Centre
    Retiring Seller - Owner Must Sell!
    Prime Business Only Fortitude Valley Management Rights: Lucrative Opportunity Awaits! 🌟
    POPULAR REGIONAL MOTEL LEASEHOLD - 1642ML
    $511K Net, No Pool, No Garden – ID 9134
    EXCEPTIONAL LIFESTYLE WITH A SIMPLE COMMUNITY BASED COUNTRY PUB IN THE MIDDLE OF TOWN - 52HF
    Terminus Hotel
    Brassall Retirement Village. very low multiplier