Archie's Bunker Backpackers, Napier
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Property Name: Archie's Bunker Backpackers
Address: 14 Herschell Street, Napier
Property Type: Backpackers
Sale Type: Freehold Investment
Price: $940,000
Region: Hawkes Bay
Features
This building is in an excellent location in inner city Napier. It has a strong tenancy with experienced backpacker operators in place. Archie's can accommodate up to 60 people and has achieved the Qualmark rating of 4+ stars.
The business is showing excellent trading figures resulting in a very good return for the lessees.
Lease Details
25 years net lease, two yearly rent reviews, current rent is $79,200 plus GST p/a (as at August 2010).
Approximate Yield
9%
Contact
For further information, please contact Brent Hannah on 021 359 678, brent@resortbrokers.co.nz
Downloads
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Confidentiality Agreement Archies.pdf (144.88 KB) |
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Archies Financials to Nov 09.pdf (107.10 KB) |
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Archies Financials FY0809.pdf (157.97 KB) |
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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.