Don't miss out on this incredible development opportunity in the heart of Picton’s CBD! Situated on a generous 1399 sq m2 site, this property offers a range of possibilities, whether you’re looking to capitalise on the resurgence of tourism or explore its potential for future development. With two commercial properties, including a charming main villa built in 1904 and a cottage from the 1920s, this site has been operating as affordable accommodation for decades, but its prime location and growing international visitor traffic make it ripe for revitalisation or redevelopment.
The property’s central location on Auckland Street, near the Interislander Ferry Terminal and right on the route of popular tourist trails like the Link Pathway and Whale Trail, makes it ideal for a wide variety of uses. You could continue to run the existing accommodation business, convert the space into long-term rentals, or even repurpose the buildings as office spaces. With 15 guest rooms, including ensuites and bunkrooms, plus staff quarters, the versatility is endless.
Current owners have operated the property for nearly three decades and are ready to retire, offering you a rare chance to step into Picton’s vibrant commercial landscape. Recent interior refurbishments and builder’s report is available on request.
Whether you’re an investor seeking to develop or someone looking for a home with income potential, this property offers immense opportunities.
For more details or to schedule a private viewing, contact specialist Accommodation Business Broker Tracey Green at +64 22 410 8710 or email
[email protected].
