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  • hospitality Melbourne
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Acquire a CBD Hostel with High Occupancy and Great Returns | Resort Brokers ID : LH008567

$2,500,000

Back Packers hospitality, Melbourne VIC

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.

- 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
Date updated: 04 May 2025 23:00:02

More Information

Financial Overview

  • Total Purchase Price: $2,500,000
  • Net Income: $ 745,559 (actual)
    This is the combined total income acheived by the business after expenses, before tax.
  • Included Real Estate: $ 0
    The value of on-title property included with the business. Its price is included in the Total Purchase Price.
  • Multiplier: undisclosed
    This is the approximate number of years the business' revenue would pay for the business component.

Letting Business

  • Letting Pool: TBC
    Number of units the manager is authorised to manage.
  • Owner Occupiers: 0
    Number of units resided in by their owners.
  • Lock Ups: 0
    Number of units owners are not renting out, but also do not live in.
  • Outside Agents: 0
    Number of units being rented by other agents (these could potentially be acquired by the manager).
  • Units In Complex: TBC
    The total number of units within the complex.
  • Caretaking

  • Remuneration: $ 0
    This is the body corporate caretaker salary. It is included in the Net Income above.
  • Agreement Term: 0 years
    How long is the caretaking contract.
  • Agreement Remaining: 0 years
    How long remains on the caretaking contract before it must be renewed?
  • Agreement Age: 0 years
    How long has the management rights existed.
  • Obligatory Office Hours:
    Are there any set office hours stipulated in the contract?
  • Real Estate Component

  • Manager's Unit:   0 0
  • Included Real Estate: $ 0
    The value of on-title property included with the business. Its price is included in the Total Purchase Price.
  • Manager's Car Spaces: 0
  • Office On Title: 0
    Is there a manager's office included on the title?
  • Pets:
    Can the manager own a pet on site?
  • Location

  • Address: Melbourne VIC
  • Listing Agent Contact Details

    %2Fusers%2Flogo_754806%2F1.jpg Click here to view full profile for: Resort Brokers

    Portrait

    Chris Boschetti

    Office : 1300 665 ...
    Mobile : 0428 812 ...

    Resort Brokers

    http://www.resortbrokers.com.au


    Send an Email:


    Similar Properties

    • Property ID: 21146242
    • Broker's Ref: LH008567
    • =754806
    • Last Update: 3 months ago.
    • Listing Type: Back Packers
    • Price: $2,500,000
    • Melbourne, VIC

    Agent Details

    %2Fusers%2Flogo_754806%2F1.jpg Click here to view full profile for: Resort Brokers

    Portrait

    Chris Boschetti

    Office : 1300 665 ...
    Mobile : 0428 812 ...

    Resort Brokers

    http://www.resortbrokers.com.au


    Send an Email:


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    Listing Photograph Listing Photograph Listing Photograph

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