Key Investment Insights
AI generated. Confirm details with the seller.
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.
