Listing #:4962222699
Blackball Boutique Accommodation
| Location: | Grey, West Coast |
|---|
Business Opportunity:
This property was purchased with the intent to create a boutique accommodation by harnessing the unique character of Blackball, which was already a population destination for tourists before the walking and biking tracks opened.
The reason for selling is purely around time and capital to make the vision a reality – with other opportunities needing the vendors full attention.
There is ample room for 5-6 (slightly smaller) intermittent self-contained units on these two corner sections, with concept drawings/design, pre-consent information, market case studies, historical short stay information (dating back to Sept-2021) and a financial ROI forecast model based on 6 additional units.
All of this, along with bookings and predicted revenue for the summer of 2024/2025 can be made available to serious potential purchasers.
The business model could be considered a very low risk option for the right purchaser, due to:
- The nature of the asset (land + house) is low risk – it will continue to grow in value with the world class Paparoa Track on the doorstep.
- Portable units can be added in stages, confirming viability of further capital input as it is already being generated from the existing units.
- Portable units constructed right will not depreciate – and they can always be sold.
- Occupancy data from the past two-three years is available to back up the predicted revenue.
- A huge amount of cost could be saved if the owner was able to contribute to the day-to-day running or setup of the business (marketing, SEO, construction).
The vendor is willing and able to assist with the project.
The Property:
The listed price is for two titles:
- 26 Hilton (752 square meters)
- 28 Hilton (665 square meters)
Blackball continues to grow with the Pike29 Memorial Track recently opening in 2024, after New Zealand’s 10th official Great Walk (Paparoa Track) opened in 2020.
This property was purchased with the intent to create a boutique accommodation by harnessing the unique character of Blackball, which was already a population destination for tourists before the walking and biking tracks opened.
The reason for selling is purely around time and capital to make the vision a reality – with other opportunities needing the vendors full attention.
There is ample room for 5-6 (slightly smaller) intermittent self-contained units on these two corner sections, with concept drawings/design, pre-consent information, market case studies, historical short stay information (dating back to Sept-2021) and a financial ROI forecast model based on 6 additional units.
All of this, along with bookings and predicted revenue for the summer of 2024/2025 can be made available to serious potential purchasers.
The business model could be considered a very low risk option for the right purchaser, due to:
- The nature of the asset (land + house) is low risk – it will continue to grow in value with the world class Paparoa Track on the doorstep.
- Portable units can be added in stages, confirming viability of further capital input as it is already being generated from the existing units.
- Portable units constructed right will not depreciate – and they can always be sold.
- Occupancy data from the past two-three years is available to back up the predicted revenue.
- A huge amount of cost could be saved if the owner was able to contribute to the day-to-day running or setup of the business (marketing, SEO, construction).
The vendor is willing and able to assist with the project.
The Property:
The listed price is for two titles:
- 26 Hilton (752 square meters)
- 28 Hilton (665 square meters)
Blackball continues to grow with the Pike29 Memorial Track recently opening in 2024, after New Zealand’s 10th official Great Walk (Paparoa Track) opened in 2020.
Business buyer’s checklist
Asking price:
Listed: Fri 11 Oct, 1:14 pm
Your viewing is booked for:
Email the seller
Expires: Fri 8 Nov, 1:14 pm
Page Views
