Clicky

My Watchlist
09 369 9708

Abel's Central Backpackers

$199,000

Business Nelson

ID: 1787

Abel's Central Backpackers Business For Sale

Property Name:
Abel's Central Backpackers
Address:
161-163 , Trafalgar st, Nelson
Property Type:
Backpackers
Sale Type:
Business
Price:
$199,000 
Region:
Nelson
Share
Print + Watchlist View Similar Listings
Enquire Now
Kamal Sharma

Kamal Sharma

Broker | Northland-Nth Shore/West Akld

M: +64 22 0515 782

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

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

Download vCard

 

Positioned in the heart of Nelson CBD on a junction of Bridge Street and Trafalgar Street with refurbishment done very tastefully to launch as Abel's Central Backpacker in 2018.

 

Asking Price of $199,000 is subject to the current lease term being extended for a further 5 years, plus 4 x 5 years right of renewal (bringing current expiry date to 2047) 

 

  • Excellent return for a working owner - yield 27%
  • Room to improve the occupancy
  • Would ideally suit a working owner
  • Consistent performance and excellent results
  • Located in heart of Nelson's CBD
  • Less than 1km from famous landmarks - Christchurch Cathedral Church and Trafalgar Park
  • Refurbished to a very good standard, including replacement of many of the chattels and linens.

 

The site is now too small for the corporate owners.

 

This 17 room Backpackers has various room configurations to suit most budgets.

Bed prices range from $15 to $100 for a room that sleeps two.

The average price per bed often sells around $28 per bed during the peak season. 

 

"Nelson is a hot spot for Auckland home buyers, we've got the record for the most sunshine hours since records began* and more celebs show up than you would think (remember that time Madonna showed up in Motueka)"

Source:stuff.co.nz

 

Configuration of the rooms are as follows:

  • Budget double room: 2 x single beds and 1 x double bed
  • Standard twin room: 2 x single beds
  • Budget double room: 1 x large double bed
  • Family room: 1 x single bed and 1 x double bed
  • Classic quadruple room: 2 x single beds and 1 x double bed
  • 10 x bed mixed dormitory
  • 6 x bed mixed dormitory
  • 6 x bed female dormitory
  • 4 x bed female dormitory

 

Opportunity to grow the business as occupancy currently runs at around 45%.

 Beautifully refurbished with a great communal kitchen, lounge rooms and storage space.

Get in during the peak season.
 
All site inspections are by prior appointments only.
Call the sole agent Kamal Sharma for more details.

 

 

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

M: +64 22 0515 782

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

Confidentiality

To access information about this listing please follow the link below and complete the Confidentiality Agreement Form.

Confidentiality Agreement Form

Due Diligence Room

Click below to login to the Due Diligence room for this property.

Login

Top