65 - 67 & 74 Beach Road (SH1)

Situated in the popular seaside township of Kaikoura this business offers budget accommodation to overnight travellers and groups. The three buildings are capable of sleeping up to 160 guests with shared facilities, kitchens, decks and balconies with spectacular views, a heated salt water pool, outdoor spa and car-parking. This is a reasonably substantial accommodation offering and is a member of The Backpacker Group. Trading seven days a week the business is booked by special interest groups, families and sports teams plus travellers looking for an affordable option with a range of room configurations to suit. The business is well established with systems, processes, staff in place and would be an excellent add on to an existing chain or group. Currently the business is run under management however it could be ideal for an owner/operator to live on-site with help from staff as required. The next lease right of renewal is in 2025 with three yearly renewals in place after that.

An extensive hand-over and assistance period is offered if required. The buildings at 65-67 Beach Road can also be purchased as a freehold investment, please speak to the agents about this option.

For Sale: Offers over $700,000.