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Arrow Backpackers Business and freehold for Sale

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Property ID: THL20-1115
Property Type: Backpackers
Sale Type: Freehold Going Concern
Region: Marlborough
Address: 107 Budge Street, Blenheim
Price: $708,000 as a freehold going concern, plus GST if any.
Kevin Johnson
Business Broker
Phone: 03 310 7487
Mobile: 027 466 7930
Email: kevin@tourismproperties.com

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ARROW BACKPACKERS FOR SALE AS A FREEHOLD GOING CONCERN.

Located in popular Budge Street, beside the supermarket and NMIT Polytechnic, this well located backpackers has a steady income from young travelers and workers.

The property consists of a 1257sq. m section containing a three bedroom, partly renovated early villa, with guest TV lounge, office and sun-room. Additionally there is a separate modern four bedroom bunkhouse, with communal kitchen, dining room and communal bathroom. On site are two caravans that remain as part of the going concern.  In total there are 40 beds in this backpacker accommodation.  

 During the peak summer months of November through until end  March and June the income averages $15,000 per month, April, July and August from $7,000 to $10,000, and May, September and October the low period $5,000 to $7,000 per month.

BUYERS: We would welcome your enquiry on the SALE of this opportunity, by contacting TOURISM BUSINESS BROKER Kevin Johnson either via this website www.tourismproperties.com or by telephoning 027 466 7930 or 03 310 7487 or email kevin@tourismproperties.com



With the continual expansion of the wine industry and the demand for workers increasing, low budget accommodation is finding a steady demand as more workers arrive from many parts of the world to work amongst the vines.  The Government and Industry supported RSE scheme  brings in thousands of temporary workers from Pacific Island Nations to work, all require accommodation.