Spring Hill, Queensland
FREEHOLD Backpackers in Brisbane - 2877BF
BACKPACKERS FREEHOLD $4,380,000
Business Description
Highlights
1. Rare Freehold in Brisbane CBD
2. $473K Gross Annual Income
3. Huge Development and Growth Potential
Key Features:
- Secure income with future land growth near 2032 Brisbane Olympic Stadium, Athlete Village, and CBD.
- 55 beds in a highly popular Brisbane central suburb (postcode 4000).
- Gross annual income: $473,819 (GST inclusive).
- Super easy operation with great income potential.
- Significant upside potential for future growth.
- Double story building in good condition.
- Includes 4 car parking spaces on title.
- Two street frontages for added accessibility and appeal.
- Surrounding property values are rising, with excellent development potential.
- Extremely rare opportunity to acquire a FREEHOLD backpackers in Brisbane CBD.
Call Bill He now for detailed information!
Property Code: 5235
Business Summary
Key Investment Insights
1. Freehold ownership in Brisbane CBD, described as extremely rare, offering land and building control.
2. Located in postcode 4000, central Brisbane position enhances accessibility and guest demand.
3. 55-bed capacity, suitable for sustained backpacker occupancy and revenue generation.
4. Gross annual income of $473,819 GST inclusive, indicating established trading performance.
5. Proximity to the 2032 Brisbane Olympic Stadium and Athlete Village, implying likely land value uplift.
6. Advertised as super easy to operate, suggesting straightforward management and low operational complexity.
7. Double-storey building in good condition, reducing immediate capital expenditure on structural works.
8. Four car parking spaces on title, uncommon for CBD properties and adding asset utility and value.
9. Two street frontages, improving accessibility, visibility and potential for separate access or signage.
10. Significant upside and development potential, supported by rising surrounding property values and CBD growth prospects.
