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Bay Adventurer Backpackers Resort

$2,750,000

Freehold Investment Northland

ID: 1743

Bay Adventurer

Property Name:
Bay Adventurer Backpackers Resort
Address:
26-28 Kings Road, Paihia, Bay of Islands
Property Type:
Backpackers
Sale Type:
Freehold Investment
Price:
$2,750,000 
Region:
Northland
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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

  • Great return on investment
  • Lease till November 2049
  • One of the best backpacker business in Paihia

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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On offer is:

Selling the freehold land and buildings as described in the legal description, approximately 1,618m2.

 

Good road frontage with ample carparks.

 

The complex is generating a net income of $195,000 plus GST per annum.

 

The property was purpose built as a backpacker resort.  It enjoys the benefit of a location very close to the waterfront and is amongst the key drivers that are required for a successful backpacker asset.

Hostel block (28 Kings Road):

  • Constructed 2001-2002
  • 13 dorm rooms
  • 4 double rooms
  • Managers apartment
  • Kitchen and ablutions
  • Reception
  • Guest laundry and linen store

Apartment block (26 Kings Road)

  • Constructed 2002-2003
  • 3 ensuite dorms
  • 2 dorm rooms
  • 1 double room
  • 3 studio rooms
  • 2 apartments
  • Swimming Pool and Hot Tub

 

Lease

  • Lease commenced: 1st November 2018 
  • Term: 6 years
  • Right of Renewal: 5 x 5 years
  • Rent Reviews: Market at 4/11/2024 then 2 yearly thereafter
  • Rent: $195,000 plus GST per annum

 

Legal Description

Lot 5 DP 36692, 809 square metres more or less, Certificate of Title: NA985/266

Lot 6 DP 36692, 809 square metres more or less, Certificate of Title: NA1077/280

 

 

 

 

 

 

 

 

 

 

 

 

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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