Seize Melbourne's backpacker demand with a spacious hostel in St Kilda's hotspot | Resort Brokers ID : LH008296
(no street name provided), St Kilda VIC 3182
$1,600,000
HotelSize: n/a
ResortBrokers presents The Ritz for Backpackers, a prime investment opportunity in St Kilda. This two-storey hostel, located on Fitzroy Street, offers 115 beds across 30 rooms.
With a long-term lease of 24 years and a current 100% occupancy agreement, this property provides a secure income. It's within walking distance of key attractions and has excellent public transport links.
The new owner has the potential to continue the current occupancy agreement or cater to the traditional backpacker market.
- Strategic location of Fitzroy Street in tourist hotspot St Kilda
- Potential to continue current 100% occupancy agreement with agriculture business for the medium term
- Ample accommodation with 115 beds across 30 dorm-style rooms
- Benefiting from market rent.
- Long-term security with 24 years remaining on the lease.
- Within walking distance to key attractions - Albert Park, St Kilda Beach, Acland Street, and Luna Park.
- Located in St Kilda tourist hot-spot
- Excellent connectivity with public transport links to Melbourne CBD.
With a long-term lease of 24 years and a current 100% occupancy agreement, this property provides a secure income. It's within walking distance of key attractions and has excellent public transport links.
The new owner has the potential to continue the current occupancy agreement or cater to the traditional backpacker market.
- Strategic location of Fitzroy Street in tourist hotspot St Kilda
- Potential to continue current 100% occupancy agreement with agriculture business for the medium term
- Ample accommodation with 115 beds across 30 dorm-style rooms
- Benefiting from market rent.
- Long-term security with 24 years remaining on the lease.
- Within walking distance to key attractions - Albert Park, St Kilda Beach, Acland Street, and Luna Park.
- Located in St Kilda tourist hot-spot
- Excellent connectivity with public transport links to Melbourne CBD.
Inspections
No inspections scheduled on Allhomes, yet. You may ask the agent about upcoming inspections.
Send an enquiry
Contact Chris Boschetti to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Hotel
Other Details
Property history
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St Kilda suburb information
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SummaryMedian sales
Average Age
37 years
Population
19,490
Listing ID: 182576960. This listing has been viewed 0 times. It was first displayed on 05/06/2024 and last updated on 27/06/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.