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Auckland Flashpacker

$429,000

Business Auckland

ID: 1735

Auckland Flashpacker

Property Name:
Auckland Flashpacker
Address:
147 Karangahape Road, Auckland
Property Type:
Backpackers
Sale Type:
Business
Price:
$429,000 
Region:
Auckland
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Kamal Sharma

Kamal Sharma

Broker | Northland-Nth Shore/West Akld

M: +64 22 0515 782

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

Reasons to buy

·         Location, location, location

·         New lease for 18 years

·         Brand new set up - recently opened

Kamal Sharma

Broker | Northland-Nth Shore/West Akld

Contact Agent

Kamal Sharma

Mob: +64 22 0515 782

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

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Source: Tourism new Zealand.com

19 Apr 2016
The backpacker segment, aged between 18- 24 years, represents approximately 11 per cent of New Zealand’s holiday arrivals and visitor spend – making it a valuable visitor segment for New Zealand.
Backpackers account for over 159,000 visitors to New Zealand a year, driving 22 per cent of holiday stay days with an average length of stay over 31 days and an average spend per visitor of over $3,700.

The major difference between a backpackers and a 'flashpacker' is the budget - with the former having a slightly bigger budget to gain a few more luxuries.
Whereas backpacking is traditionally associated with budget travel and destinations that are relatively cheap, flashpacking has an association of more disposable income while traveling and has been defined simply as 'backpacking with a bigger budget'.

The opportunity presented here is for a brand new backpacker business in a popular central Auckland location, opened in January 2019.

Located in Auckland City.  Fantastic location and most of the hard work has been done. Owner selling due to a bigger venture in accommodation business in Taupo region.

The business is new yet the occupancy keeps improving every day, the week commencing 21st January 2019 the occupancy rose to almost 85% (as per the books).

Auckland market often gets very high occupancy due to huge demand in the Auckland city.

As this is a flashpackers and there are mostly backpackers in the Auckland market there is limited competition and potential to review the pricing as per facilities provided.  This could potentially result in more revenue in the future.

Auckland Flashpackers is now ready for any new operators to take the reign and ride on.

Approximate Yield:

28% 

 

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.

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Kamal Sharma

Kamal Sharma

Broker | Northland-Nth Shore/West Akld

M: +64 22 0515 782

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

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