Grand and Gracious Backpackers – Three Classic Victorian Buildings to be sold in One Line as a going concern.
Grand and Gracious Backpackers – Three Classic Victorian Buildings to be sold in One Line as a going concern.
Description
An exceptional opportunity to secure a proven investment in one of Sydney’s most tightly held city-fringe locations. The Village Glebe comprises of three magnificent semi-detached Victorian terraces operating as a high-performing licensed backpacker hostel.
Set on a combined 1,053sqm (approx.) of land with rear lane access, this rare holding is nestled in the heart of Glebe’s Toxteth Estate, just moments to Jubilee Park, Blackwattle Bay, Sydney University, and the Light Rail.
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. $1.4 million
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 passive 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
Details
Updated on July 19, 2025 at 1:54 pm-
Property ID DET-16215
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Land Area 1,053 m²
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Bedrooms 28
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Rooms 118 Beds
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Property Type Hostel
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Property Status Commercial Auction, Auction, Commercial Sales, Residential Sales