Superbly situated Koanui Lodge and Backpackers is located just 500 metres from central Blenheim on 1012 sq m of prime industrial land, and offers 40 RSE compliant bed spaces for seasonal workers or up to 55 beds for backpackers.
With entrances off both Main Street and Park Terrace and eight legal off street car parks, this property offers endless opportunities to continue operating as an easily maintained RSE accommodation venue or a potential redevelopment site.
Offering healthy return on investment this property will appeal to any astute buyer wishing to diversify their portfolio.
With the increase in workers required to meet the demands of the growing wine industry, it is expected the number of RSE bedspaces is only going to continue to increase in demand in the coming years.
Deadline Sale: Closes 4:00 p.m. Thursday 30th August 2018.
New Zealand Sotheby's International Realty, 3 Maxwell Road, Blenheim