Business & Freehold - One of the largest backpacker facilities in Australia
For Sale by Private Treaty $5,650,000 (ROI 7.5%)
Business Description
We are proud to offer for sale this prominent iconic Hobart CBD building, which a substantial three level strata titled building of some 2,776 sqm*, in the heart of the Hobart CBD, containing 69 rooms, plus 5 staff rooms and a managers residence.
The Imperial Backpackers has accommodation for approximately 169 guests and contains lounge, recreation area, multiple Male & female bathroom facilities (recently refurbished) and kitchen.
The business is operated under management and has huge growth potential, with the implementation of social media advertising and the updating of the decor.
1. Prominent and iconic location in the heart of the Hobart CBD.
2. Substantial three level strata titled building with a large floor area of 2,776 sqm.
3. Contains 69 rooms, 5 staff rooms, and a manager's residence.
4. Accommodates approximately 169 guests.
5. Recently refurbished male and female bathroom facilities.
6. Potential for growth through social media advertising and updating of decor.
7. Currently operated under management.
8. Prime opportunity for a new owner to take over and increase profitability.
9. Strong potential for increased revenue through higher occupancy rates and potential for additional services.
10. One of the largest backpacker facilities in Australia, offering a unique opportunity in the market.
11. Located in a popular tourist destination, with high demand for budget accommodation.
12. Well-established business with a loyal customer base.
13. Potential for expansion and diversification of services to cater to different types of travelers.
14. Freehold property included in the sale, providing long-term security and potential for capital growth.
15. Ideal for an investor or owner-operator looking to enter the hospitality industry.
16. Strong financial performance with potential for further growth and profitability.
