All Nations Backpackers for sale

The All Nations Backpackers in Melbourne’s CBD is for sale with an estimated buying price of $11 million, according to experts.   

The hostel occupies the north-east corner of a historic building on Spencer and Flinders Streets in Melbourne’s city centre.

According to The Age, the building failed to sell when it was on the market in 2010.  It is leased to the All Nations until 2018.

After that time, the site could be transformed into a higher density hotel or residential based redevelopment with units that boast views of the historic Grand Hotel and Southern Cross Station.

Comments


  1. Ken Pannan
    9 Nov 11
    6:06 pm
  2. Having lived in Melbourne for the best part of 30 years I know this building very well, if you have a spare $11m it’s probably a good buy. BUT In 1994 I chose the clean air and purchased Bush Village Backpacker Resort in Airlie Beach North Queensland and have owned and operated it to this day. That’s 17 years in the game, and now my wife and I have decided to sell for what amounts to be the value of the 4264 sq mtrs of land that the resort occupies and the 18 Self Contained Cabin infrastructure on it for an asking price of $1.45m. So if you are not quite up to the $11m mark and want to buy a property with massive potential, e-mail me or give me a call.

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