2 Aplin Terrace, Gin Gin, Queensland
Hostel in key farming area - Must be sold!
Expression of Interest - Must be sold
Business Description
Situated on a generous 4,962 m² corner block in the bustling heart of Gin Gin, the Harvest Hostel presents a unique opportunity to own a near-new, purpose-built short and long-stay accommodation lodge. Located just off the Bruce Highway and 50 kilometres from Bundaberg, this property is perfectly positioned within a key fruit-picking and farming catchment area, making it an ideal investment for those looking to tap into the local agricultural and backpacker markets.
Freehold Going Concern: Secure your investment with this freehold property, offering unparalleled potential for growth and profitability.
Accommodation Capacity: The hostel boasts 3 x 2-story dormitory buildings licensed for 148 beds, currently configured for 128 beds, providing flexible options for short and long-term stays.
Facilities: Designed with guests in mind, the property features an enormous shared kitchen, self-service laundry, TV room, Wi-Fi, large social spaces, and housekeeping services.
Liquor License: The hostel comes with a valuable liquor license, adding an attractive revenue stream for future operators.
Recent Closure: Managed successfully until recently, the property is currently closed due to the end of the manager's contract and the inability to find a suitable replacement, presenting a significant upside for a new owner-operator.
Turnover Potential: Figures before closure are available to serious buyers, with the hostel historically generating approximately $10,000 per week during peak seasons.
This is a rare opportunity to acquire a well-positioned, income-generating asset in one of Queensland’s most active agricultural regions. Don’t miss your chance to revive this vibrant hostel and capitalize on the steady demand for farm-stay accommodation in the area.
Urgent Sale Required – This property must be sold quickly! For more information or to arrange a viewing, please contact Nathan Eades, National Director at Ras360 Property Solutions, who is exclusively managing the sale.
Business Summary
Key Investment Insights
1. Prime Location: The hostel is situated on a large corner block in the heart of Gin Gin, a key farming area and popular destination for fruit-pickers and backpackers.
2. Freehold Property: The sale includes the freehold property, providing security and potential for long-term growth and profitability.
3. Accommodation Capacity: The hostel has a license for 148 beds and is currently configured for 128 beds, offering flexibility for short and long-term stays.
4. Well-Equipped Facilities: The property features a large shared kitchen, laundry, TV room, Wi-Fi, and social spaces, making it a comfortable and convenient option for guests.
5. Valuable Liquor License: The hostel comes with a valuable liquor license, providing an additional revenue stream for future operators.
6. Recent Closure: The property is currently closed due to the end of the manager's contract, presenting an opportunity for a new owner-operator to revitalize the business.
7. Potential for High Turnover: Historical figures show the hostel generating approximately $10,000 per week during peak seasons, highlighting its potential for high turnover.
8. Strong Demand: The hostel is located in one of Queensland's most active agricultural regions, ensuring a steady demand for farm-stay accommodation.
9. Urgent Sale: The property must be sold quickly, providing a unique opportunity for buyers to acquire a profitable business in a sought-after location.
10. Experienced Management: The sale is exclusively managed by Nathan Eades, National Director at Ras360 Property Solutions, ensuring a smooth and professional transaction process.
