Budget Accommodation with Million Dollar Views

46, Buffalo Beach Road, Whitianga, Thames-Coromandel

Auction

Proposed Usage
Development Site
Floor Area
760.00 m²
Description:
Property ID
1bsl4q1

Asking price plus GST (if any).
Auction 11am, Thursday 27 April 2017 at Bayleys, 96 Ulster Street, Hamilton (unless sold prior)
- Beach Front Location
- Residential Zoning
- Excellent Exposure Site
- Potential to Subdivide
- Home and Income or Holding Income
- Popular Backpackers (YHA)
Situated on Whitianga's Buffalo Beach with stunning views across Mercury Bay 'On The Beach Backpackers' offers premier budget accommodation catering to New Zealand's booming tourist trade. Providing a variety of accommodation options from shared dorm rooms to ensuite rooms at some of the most competitive for waterfront accommodation in Whitianga.
With 2152sqm (more or less) on two titles and access from Buffalo Beach Road and Bruce Street the property lends itself to future redevelopment for apartments and the like.
The property is currently operated with a live in manager and several staff. There is an opportunity for an owner operator to take this property to the next level or for a developer to continue with a good holding income in the interim.

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Whitianga Area