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 seize this opportune moment to capitalise on the resurgence of tourism in the region, setting the stage for a robust and busy summer season or consider as a development opportunity.

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