Microtel Backpackers, Hamilton $1,300,000

Waikato

$1,300,000

Proposed Usage
Tourism & Hospitality
Description:
Property ID
1bz3p6x

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.
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