Paihia

LAND AND BUILDING INVESTMENT Base as lessee with a lease term of 25 years. Base backpackers Hostels are a leading provider of backpacker accommodation facilities with Base hostels located throughout Australia and New Zealand. Base is the largest, privately owned operator of upscale "budget" backpackers accommodation, bars, travel outlets and job placement services in Australia and NZ. We understand that the "Base" name and red "X" are licensed trademarks of Base and Accor Hotels, with all properties being managed by Base. Base made its debut on the backpacking scene in 2002 with the launch of three hostels in Auckland, Rotorua and Wellington. Base merged with ACB Group Holdings Ltd known locally as Beyond Backpackers Beyond in 2006. In December 2007, Base, purchased Brisbane's popular and well known inner city hostels, Palace Central and Palace Embassy, in addition to the iconic "The Down Under Bar", backpacker bar. Base now operates in major gateway sites including Sydney, Melbourne, Auckland and Christchurch with a total of 8 backpacker hostels in NZ and 15 in Australia. New Zealand Base Backpackers Hostels are located in • Paihia • Auckland • Rotorua • Taupo • Wellington • Christchurch • Wanaka • Queenstown Australian Base Backpacker Hostels are located in • Magnetic Island • Brisbane (Palace Central and Embassy) • Sydney • Melbourne • Darwin • Agnes Water • Surfers Paradise • Cairns (Calypso and Gilligans) • Hervey Bay • Alice Springs • Perth • Rainbow Beach • Airlee Beach Base, has made a decision to sell the land and buildings in Paihia, as they have recently done in Wellington, to free up funds for further expansion of its network into major capital cities. Much like the McDonalds philosophy (we are in the burger business) Base are in the business of selling beds as opposed to owning the real estate. Here is your chance to secure this multinational tenant. Call us now for a full Information Memorandum and a time to inspect