Don't let this opportunity slip by! Here's your chance to not only own a residence but also acquire a thriving accommodation business in the heart of Picton's CBD. With a growing influx of international visitors and the momentum building behind the KiwiRail Irex Ferry Terminal project. Seize this opportune moment to capitalise on the resurgence of tourism in the region, setting the stage for a robust and busy summer season.
Property Highlights:
Two commercial properties on a sunny 1399 sq m2 site.
Operating as affordable accommodation for decades.
Soon to be part of the refreshed National YHA Chain, globally recognised.
Current owners, in charge for nearly three decades, are now looking to retire.
Property Features:
Main Villa built in 1904, Cottage built in the 1920s.
Interior refurbishment and redecoration almost completed, with ongoing external work.
Recent builder's report available for your peace of mind.
Accommodation Details:
15 guest rooms, ranging from ensuites to bunkrooms.
Staff quarters for convenience.
Ideal for those seeking a long-term investment with a home and income.
Business Potential:
Strategically positioned for the surge in international visitors.
Versatile options: Operate and revitalise the existing business, explore long-term accommodation, or convert to office space.
Location:
Situated on Auckland Street, the current State Highway One leads directly to the Picton Interislander Ferry Terminal.
Specialising in Walkers, Cyclists/MTBikers, with the Link Path Way and Whale Trail passing the door.
Queen Charlotte Track start accessible by boat just 300 meters away.
Don't let the chance slip away to secure a slice of Picton's vibrant accommodation landscape. Asking price $1,800,000 + GST If any. Whether you're after a home with income potential or a strategic business investment, this property offers a plethora of possibilities.
For more information or to arrange your private viewing, please contact specialist Accommodation Business Broker, Tracey Green.
