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City Central Hostel.

CBD backpacker FGC — 220 beds, working-holiday demand, near Central Station. Yield play with redev optionality.

Marketplace / Backpackers / NSW / City Central Hostel

FGC220 bedsCBD2.9× netRedev upside

The numbers.

$3.85M

2.9× net

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Sydney CBD.

Run the numbers yourself.

Same model our brokers use to appraise. Adjust net profit, multiplier, real-estate component. The result is indicative — independent appraisal available on request.

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Net profit (manager)

$478,000

Multiplier (×)

5.2×

Real estate (manager unit)

Indicative total

$2,485,600

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