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Wanaka, 21 Russell Street

Busy Backpackers + Freehold Land = Solid Opportunity

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Sold
Sold
Listing Number: WQ5193
About this listing
The Flying Kiwi Backpackers is an established, street-front, 40 bed accommodation business showing solid occupancy and good returns. Located downtown on a freehold land parcel comprising approximately 758sqm, the property also has council consent for the use of six allocated car-parks.

With Wanaka experiencing a rapidly growing tourism market and high rental demand, the location of this property situated amongst central amenities gives many options to maximise this asset, including further development possibilities.
The sellers are now focused on their next project so don't delay calling us for further information on this attractive opportunity.

Sold as a going concern. Price is plus gst (if any)
Property Information
  • Approx Floor Area: 758 sqm
  • Tenure: Fee Simple
  • Property Type: Tourism / Motel / Hotel, Other (Backpackers)
  • Property Features: 758sqm free hold title / Fully consented 40 bed backpackers / Street frontage / Certificate of Compliance / Fire Certificate, Building Name: Flying Kiwi Backpackers

Contact Details

Harcourts Wanaka

Highland Real Estate Group Ltd

Licensed REAA 2008

17 Helwick St
Wanaka
Office website

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