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Toad Hall

$165,000

Business Hawkes Bay

ID: 1565

Toad Hall Backpackers

Property Name:
Toad Hall
Address:
11 Shakespeare Road, Napier
Property Type:
Backpackers
Sale Type:
Business
Price:
$165,000 
Region:
Hawkes Bay
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Kamal Sharma

Kamal Sharma

Broker | Northland-Nth Shore/West Akld-B/packers Nationwide

M: +64 22 0515 782

kamal[at]resortbrokers[dot]co[dot]nz

Reasons to buy

  • 12 years remaining on the lease
  • There is a huge upside of potentially adding a cafe, convenience or souvenir shop - subject to usual council consents
  • Configured to accommodate up to 52 guests, currently licensed for 60 beds
  • Stable occupancy
  • Legendary Cabana Bar and Entertainment Venue as tenant next door

Kamal Sharma

Broker | Northland-Nth Shore/West Akld-B/packers Nationwide

Contact Agents

Kamal Sharma

Mob: +64 22 0515 782

Email: kamal[at]resortbrokers[dot]co[dot]nz

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Brent Hannah

Broker | Hawkes Bay, Gisborne

Brent Hannah

Mob: +64 21 359 678

Email: brent[at]resortbrokers[dot]co[dot]nz

Download vCard


BUSINESS

The yield has been improved over the last few years and the occupancy now has an upside.

28 guest rooms in total with a stunning roof top terrace for social evenings.

Equipped with a large communal guest kitchen, lounge, laundry, WiFi facility and free left luggage storage room.  It also has cabins especially for International travellers working in Hawkes Bay region as seasonal workers.

Toad Hall features various configurations of rooms from private rooms to twin and double rooms with some of them with own ensuite and balcony.

The complex also has a separate games room equipped with pool tables and a tennis table.

LOCATION

Toad Hall Backpackers is strategically located in Napier CBD. Napier is also well known as the 'Art Deco Capital' of New Zealand.

Close to the beaches, shops and cafes.

Napier is the primary export Seaport centre for the North Eastern New Zealand. Well known for production of apples, pears, stone fruits, and grapes production for various Vineyards in the region.

Great place for seasonal workers and tourists alike.

It has all it takes to make a great place for ideal Backpackers.

This Backpacker is also featured in Lonely Planet.

Motivated vendor wants action.

Call Kamal Sharma on 0220515782 to arrange viewing time.

 

Disclaimer: We do not accept responsibility for mis-statement or error contained on this site. Interested persons should rely on their own enquiry. All prices are plus GST if any unless otherwise stated. If the transaction is recognised as a going concern then the sale should be zero rated.

Share
Print + Watchlist View Similar Listings
Enquire Now
Kamal Sharma

Kamal Sharma

Broker | Northland-Nth Shore/West Akld-B/packers Nationwide

M: +64 22 0515 782

kamal[at]resortbrokers[dot]co[dot]nz

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