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Kaikoura, 1 Torquay Street

Freehold Of Albatross Backpackers

$650,000 Plus GST (if any)

Listing Number: KD5897
About this listing
Here is a golden opportunity to secure the freehold of an extremely popular tourist business " Albatross Backpackers ". Excellent lease in place with great managers. Set on 1258 sqm and located on a large central corner site in Torquay street, this business enjoys the energy of the surrounding busy tourist hub of Kaikoura. The building once the old post office is iconic to the town and still retains an image and level of its own character. The mangers present individual and creative flair throughout the property presenting a warm, welcoming selection of double rooms, single rooms and dorms to suit all budgets. The property is licensed for 42 guests and has a large well equipped kitchen, a spacious lounge for the guests enjoyment and up dated bathrooms.
Great opportunity for the astute buyer wanting a solid commercial investment.
Property Information
  • Tenure: Fee Simple
  • Property Type: Tourism / Motel / Hotel
  • Property Features: The property incorporates a series of historic buildings (ex Post Office) converted into a backpackers certified for up to 42 guests., Building Name: Albatross Backpackers
  • Tenancy: Additional Details: Rates $5147.48
  • Tenancy 1: Area Sqm: 1258, Commencement Date: 2010-10-01T00:00:00.0000000, Expiry Date: 2025-10-01T00:00:00.0000000, Review Dates: 1st Oct 2013/2016/2019/2022/2025, Rights of Renewal: 4 of 3 years, Tenant Name: Kaikoura Backpackers Kaikoura Ltd, Term (years): 3 years

Contact Details

Kaikoura

Marlborough Real Estate 2008 Ltd

Licensed REAA 2008

94 Beach Rd
Kaikoura
Office website

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