Sold
Backpackers · Melbourne · LH008567
ResortBrokers presents a profitable business opportunity with Melbourne City Backpackers. Located in Melbourne's CBD, this thriving establishment offers 45 rooms with 132 beds, including private and dormitory-style rooms. Recently refurbished bathrooms and upgraded air conditioning ensure guest comfort. The property operates at over 90% occupancy, with additional income streams from bag storage and ATM commission. Run efficiently under management by the vendor, it's an ideal acquisition for expanding portfolios. With 14 years and 9 months remaining on the lease, this is a solid business opportunity not to be missed.
Acquire a CBD Hostel with High Occupancy and Great Returns
ResortBrokers presents a profitable business opportunity with Melbourne City Backpackers. Located in Melbourne's CBD, this thriving establishment offers 45 rooms with 132 beds, including private and dormitory-style rooms. Recently refurbished bathrooms and upgraded air conditioning ensure guest comfort. The property operates at over 90% occupancy, with additional income streams from bag storage and ATM commission. Run efficiently under management by the vendor, it's an ideal acquisition for expanding portfolios. With 14 years and 9 months remaining on the lease, this is a solid business opportunity not to be missed.
- Net profit
- $746K
- Asking $2,500,000
- Status
- Sold
The business at a glance.
- Boasting strong returns with occupancy over 90%
- Bathrooms recently refurbished for enhanced guest comfort
- Air conditioning system upgraded throughout the property
- Features a secure and user-friendly GOKI lock system - no costly key replacements or call outs
- Prime CBD location on Melbourne's bustling King Street with multiple public transport options
- Conveniently located within walking distance to the Southern Cross Train Station
- Offers private and mixed dorms with versatile configurations, including female-only dorms
- Inspections are strictly by appointment only
The asset, the manager unit, the location.
Melbourne, VIC
Melbourne, VIC
Talk to the broker.
Ask about similar properties
Chris Boschetti
Specialist Accommodation Broker, East Victoria
0428 812 434
Looking for one like it?
Backpackers · Melbourne · LH008567 has sold. Leave your details and Chris will tell you when something similar comes to market.
Receive New Listing Alerts
By subscribing you agree with our Privacy Policy