Proudly supported by all of the industry's leading brokers
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: 09 Mar 2025 22:00:03
More Information
- 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.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Are there any set office hours stipulated in the contract?
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?