Four Seasons backpackers (Freehold going concern)


Marlborough

By Negotiation

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Four Seasons backpackers (Freehold going concern) | Marlborough | 1503068 |      X Close
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Four Seasons backpackers (Freehold going concern)


This building includes backpackers accommodation, a detached office and garage/tool shed.

- 1080sqm (more or less) corner site land, property and all chattels included in the package

- Brand new lease available minimum over 10 years lease with high rental (freehold going concern)

- Current rental income is 70,000pa +GST

- Seven (7) bedrooms that can accommodate 32 people at the moment. Potential to increase subject to city council approval.

- Very low maintenance and outgoings.

- Rent reviews every two years to CPI plus 2% will continue throughout the guaranteed lease date.

- Market rent reviews every five years subject to rent reviews.

- High yield rate of 7.5% at the asking price.

The subject property is located on the southeast corner of Ferry Road and State highway 1 in the township of Spring Creek. Spring Creek is a small settlement located approximately 5 km from Blenheim and contains a mix of residential housing, primary school, a playcentre, 4 Square superette, hotel and holiday park.

Please contact the sole agents regarding more details on this great investment opportunity.