The Rusty Nail Backpackers is a two-level building complex, positioned on a rising section of some 2604 m2, offering breathtaking views of Taihape and surrounds, including Mount Ruapehu. Built in 1977, the building is approximately 231 m2 and of a rustic design.
The upstairs consists of four bedrooms, an open-plan living area and a kitchen which opens through to the dining area. A key feature is the balcony running the full length of the upstairs, offering an extended living and entertaining area.
The Backpackers on the lower level is under a tenancy agreement and offers three bedrooms and a dormitory, along with a shared bathroom and laundry. A communal kitchen offers cooking options for both the permanent and visiting Backpacker residents. The property features a Tesla Powerwall battery system and hot water is via a gas powered califont.
Adjacent to the upstairs and accessed through a covered walkway, is a single garage with an attached storage shed. With a combined income of some $950/week between the two tenancies, this represents an impressive investment opportunity.