Microtel Backpackers, Hamilton $1,300,000
- Proposed Usage
- Tourism & Hospitality
- Property ID
Land & Buildings, Chattels/Fixed Assets & Backpacker Business.
Located at 140 Ulster St, Hamilton, 3 level complex.
Purpose built in 2004, 39 beds across 13 rooms, being single, doubles and dorms.
Plus common areas of kitchen/lounge & dining facility, cinema room, laundry, off street parking and managers 2 bedroom flat.
Many options for new owner including, live in and run the business, operate the business with a manager, or put in place a long term lease for the business and receive the rental income.
Or a developer may convert into other accommodation, such as a hostel or a number of flats, or retain for future alternative development.
Total price of $1,300,000 for Land & Buildings, Chattels/Fixed Assets & Backpacker Business.