AN OPPORTUNITY EXISTS FOR AN ASTUTE INVESTOR TO ACQUIRE A FULLY MANAGED HOSTEL LOCATED IN THE HEART OF NORTHBRIDGE
Centrally located in the heart of Northbridge close to all amenities and the entertainment precinct. The business is fully operated under management by a full-time employee/hostel manager and very profitable.
The property was upgraded in recent times, features entertainment facilities and is very popular amongst young travellers.
A long lease is in place, providing Security of Tenure and surety.
Northbridge, an inner suburb of Perth, is home to streets lined with hip restaurants and clubs. An ideal destination for tourists and backpackers and is the home to nationally acclaimed events such as the Perth Fringe Festival.
The Hostel has positioned and marketed itself as a modern and friendly hostel, providing a number of free services that have assisted in attracting guests and thus increasing revenue.
Full asking price including all plant and equipment is $269,000 and at this price, it provides an excellent Return on Investment.
Contact Tony Batista for more information on this business opportunity: