Ad ID: 78365

FHGC Backpackers Business for Sale Christchurch

First time on the market!!!

Location:
Asking:
$2,595,000
+ GST If Any

Business for Sale Description

FHGC Backpackers Business for Sale Christchurch

We are offering the land, buildings and business at 2 locations only a stone through apart from each other. Both properties are purpose built to cater for international budget travels. The properties have excellent security systems in place including CCTV and passcode access to the properties.

Site 1: 357 Hereford Street, Christchurch
The property is a modern two level, purpose built backpacker accommodation complex originally constructed circa 1998 and partially rebuilt circa 2012, situated immediately east of central Christchurch.  

Land Area: 639m2  

The site is rectangular in shape with frontage to Hereford Street of approximately 12.62m and extending to a maximum depth of approximately 50.71m.

Construction comprises a concrete foundation with concrete ground floor and timber framing. Exterior cladding comprises plaster over timber frame, aluminium window joinery and coloursteel roofing.

Ground floor accommodation provides a reception/office area, kitchen, dining, lounge, laundry, toilet and bathroom amenities and four bedrooms.

First floor accommodation provides seven bedrooms and bathroom and toilet amenities in the front portion with self-contained two/three bedroom manager’s accommodation in the rear portion over two levels.

Overall the complex has 11 rooms providing 36 beds at an average of 3.27 beds per room.

Site 2: 373 Gloucester Street, Christchurch
The property comprises a modern two level, purpose built backpacker accommodation complex originally constructed circa 1999 and extended circa 2008, situated immediately east of central Christchurch.

Land Area: 1,011 m2.

The site is rectangular in shape with frontage to Gloucester Street of approximately 20.18m and extending to a maximum depth of approximately 50.29m.

Construction comprises a concrete foundation with concrete ground floor and timber framing. Exterior cladding comprises plaster over timber frame, aluminium window joinery and coloursteel roofing.

Ground floor accommodation provides a reception area, office, kitchen, dining, laundry, toilets and bathroom amenities and 16 bedrooms.

First floor accommodation provides a guest lounge, toilet and bathroom amenities, 18 further bedrooms being a mix of single rooms, dorm rooms and self-contained studio managers accommodation.

Second floor accommodation provides a self-contained one bedroom managers flat.

Overall the complex has 34 rooms providing 66 beds at an average of 1.94 beds per room.

Business Resources

Brokers Comments: The business is very successful and has a excellent reputation. There is managers apartments on both sites. It is fully managed and is in a very good location on the east side of Christchurch’s City Centre. Excellent entry level business at an affordable price to own and operate a very good tourism accommodation business in the garden city and gateway to the South Island of New Zealand.

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Tourism Properties.com
For more info
Contact:

Brad Watts

+64 21 278 0919
Tourism Properties.com
Licensed REAA 2008
Broker Ref: 69080

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