Freehold Investment, Marlborough

Marlborough

$895,000

Proposed Usage
Other Businesses for Sale
Description:
Property ID
1c06kh7



ACT NOW ... Freehold investments (land and buildings only) rarely come to market.

Reasons to purchaseNew 10 year lease with two 5 year rights of renewalNet rent of $70,000 p.a representing a yield of 7.8% (approx)The asking price includes chattelsConveniently located off state highway 1

Swampys is a backpackers business located on a major tourist route in the popular Marlborough region and caters for up to 30 guests with 6 bedrooms and shared facilities. There is ample off-street parking for guests.

Location
Swampys is conveniently located on the main highway, midway between Blenheim and Picton in the Marlborough at the top of the South Island of NZ. Marlborough is well known as a centre of New Zealand's wine industry and is a significant tourist destination.

NZ Backpacker Segment
​The backpacker segment, represents approximately 11% of NZ's holiday arrivals and visitor spend - making it a valuable visitor segment for New Zealand.

The value of the backpacker goes far beyond arrivals and expenditure. The backpacker traveller travels widely amongst different regions and gets involved in a range of activities, meaning they are likely to spend more while they are here. The backpacker segment also travels throughout the year and presents a strong opportunity to grow shoulder season arrivals.

In recognition of how influential this market is, Tourism New Zealand has a specialist team that leads investment in backpacker-specific marketing communications, PR activity and partnerships alongside Tourism New Zealand's off-shore teams as well as the backpacker focused travel industry.

Sources: Tourism NZ, April 2016. CITM 2016

Reference: EL00825
Ref: EL00825
Timestamp: 20171120054528

Enquire about this business