138 Collins Street, Hobart, Tasmania
Business & Freehold - One of the largest backpacker facilities in Australia
SOLD
Business Description
Elders are proud to offer for sale this prominent, iconic Hobart CBD building, which is 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 manager’s residence.
The “Backpackers Imperial Hotel” has accommodation for approximately 159 guests and contains two lounges, two recreation areas, multiple male & female bathroom facilities (recently refurbished) and kitchen/dining.
The business successfully operates under management with a very healthy net profit.
*Approximate
Business Summary
Key Investment Insights
1. One of the largest backpacker facilities in Australia, offering scale advantages and market prominence.
2. Sale includes both the business and freehold, providing asset ownership and control of the property.
3. Substantial three-level strata titled building of approximately 2,776 sqm, enabling high-density accommodation and operational flexibility.
4. Prime location in the heart of the Hobart CBD, supporting strong demand from tourists and easy access to city attractions.
5. 69 guest rooms plus 5 staff rooms and a manager’s residence, allowing on-site management and reduced external staffing complexity.
6. Accommodation capacity for approximately 159 guests, delivering significant revenue potential from high occupancy.
7. Multiple communal facilities including two lounges, two recreation areas, and kitchen/dining, enhancing guest experience and ancillary revenue opportunities.
8. Multiple male and female bathroom facilities recently refurbished, lowering immediate capital expenditure and improving guest amenity.
9. Business operates under management with a very healthy net profit, indicating strong cashflow and suitability for absentee ownership or investor operators.
