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Kaikoura, 1 Torquay Street

Commercial Investment

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Sold
Sold
Listing Number: KD5897
About this listing

SOLD - This listing was sold in September 2019.

Golden opportunity to secure the freehold of an extremely popular tourist business. The business owners have a strong lease in place and an invested interest in their very popular business "Albatross Backpackers "
Set on 1258sqm and located on a large central corner site in Torquay St, they enjoy the energy of the surrounding busy tourist hub of Kaikoura. The building, once the old Post Office, is iconic to Kaikoura and has been restored within it's own character and the individual flair throughout the property presents a warm welcoming selection of rooms and dorms to suit all budgets. The property is licensed for 42 guests.
Solid commercial investment for the astute buyer.
Property Information
  • Land Size: 1258 sqm
  • 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
  • Commercial information
    • Zone: 8A
  • Tenure: Fee Simple
  • Tenancy: Additional Details: Rates $5147.48
  • Tenancy 1: Area Sqm: 1258, Commencement Date: 01 October 2010, Expiry Date: 01 October 2025, 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

Harcourts Kaikoura

Marlborough Real Estate 2008 Ltd

Licensed REAA 2008

94 Beach Rd
Kaikoura
Office website

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