Two Leading Backpacker Hostels
Double Backpacker Package at the ‘Gateway to the Great Barrier Reef’
Located in a popular coastal city, four hours north of Brisbane, this unique investment package includes two leading backpacker hostels boasting premium inner-city locations.
Each of the hostels has its own identity and has been operating in the city for nearly thirty years.
Situated directly adjacent to one another the package includes:
• Freehold title to a 61-bed two-storey hostel, the only purpose built backpacker facility of its kind in the city, modern and beautifully presented
• The ongoing lease for an adjacent 87-bed hostel, originally established to accommodate dive school patrons, now a popular convenient residence for a near endless list of international travellers
They enjoy a superb location, positioned directly opposite the city’s major bus station. Over 90% of backpackers arrive in the city via the bus station, with 35 services each week running between Brisbane and Cairns. The hostels are three blocks from the main commercial street of the city and one block from McDonalds, take away food outlets, several pubs, bars, restaurants and the only supermarket open 7 days per week.
Many of the clientele, mostly from Europe and Asia, use the hostels while fulfilling regional work obligations as part of their visa requirements. For the business, it means many of the guest stay for extended periods, not just one or two nights. The great soil and temperate climate means crop picking occurs all year round. Local government authorities estimate between 1,000-1,500 backpackers are looking for accommodation in the city every week, a factor that no other operation is as well positioned to capitalise on as these two.
Surprisingly the success and longevity of the businesses has occurred without the need for advertising and marketing. A new owner has multiple opportunities to expand its revenue base such as broadening the reception hours to catch the late and early bus arrivals, as well as developing an online presence.
The freehold hostel includes a small air conditioned residence however it is only a 10 minute drive to enjoy your new life living by the sea.