Melbourne, Victoria
Acquire a CBD Hostel with High Occupancy and Great Returns | Resort Brokers ID : LH008567
$2,500,000
Business Description
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: 14 Feb 2025 22:00:02
Business Summary
Business Snapshot
Price: $2,500,000
Net Profit: $745,559