Accommodation opportunity Napier

7-9, Cathedral Lane, City Centre, Napier

By Negotiation

Proposed Usage
Hotel & Leisure
Floor Area
550.00 m²
Land Area
2697.00 m²
Property ID

Accommodation opportunity Napier

Picture yourself owning and operating this 65 bed backpackers located in the heart of Napier. This business is in great shape and the land and buildings are freehold with well maintained buildings. This is a fantastic opportunity for an owner operator to pick up on the growth of the workers accommodation sector.

It is a fully dedicated working hostel that provides accommodation only to international travellers with valid working visas. The average stay is six weeks with many guests staying 3 months+ and many returning. This low bed turn-over makes for a settled and easily managed hostel with a family atmosphere.

The backpackers is just two minutes walk from the central city, Marine Parade, three supermarkets and main bus stop, the location is excellent for travellers.

• Engineering rating for buildings 67% NBS
• Sleeps 65 in a variety of configurations
• Separate office, laundry and garage
• Fully equipped kitchen
• TV lounge and sunroom
• Outdoor area with BBQ and gazebo
• 8 hostel vehicles and 12 onsite car parks

This profitable business is currently being run with an onsite manager and a part-time cleaner. The annual turnover exceeds $360K with a return to a working owner of $240K. This is an exceptional small business providing a profitable business opportunity to the purchaser.

Can be sold business only, or freehold going concern (land, building & business)

Enquire about this property

City Centre Area