118 Bed Backpackers – Three Classic Victorian Terraces In One Line

Key Highlights:

• Three adjoining freehold buildings with grand period façades and timeless classic detail
• Licensed for 118 beds across 28 rooms
• Spacious layouts spanning two full levels plus basement in each building
• Rear lane access via Allen Lane and enjoying sunny central communal courtyards
• Additional features include a front desk/reception, games room guest laundry, and shared kitchen, with the nearest cross street: Cotter Lane

Investor Snapshot:

• Gross Annual Return (GAR): Approx. $1.15 million
• Sold as a going concern, offered in one line
• Long-established hostel with consistent occupancy and brand recognition
• Rare offering in a highly sought-after location with strong demand from students and travellers
• Ideal for investors, operators, or value-add developers (STCA)
• To be sold in one line – WIWO or with vacant possession
• Unmatched Inner-City Location
• Prime position on Glebe Point Road’s high street, surrounded by shops, cafes, and character residences
• Walk to Sydney Uni, Broadway Shopping Centre, the Fish Markets, Tram sheds, and foreshore parks, Part of the significant Toxteth Estate precinct, rich in heritage and growth appeal.

Property development details:

• A wide 30 metre frontage
• Zoned: R1 General Residential
• Height Limit: 9m
• FSR: 1:1
• 1,053sqm (approx.) of land

Inspections by appointment.