$5.9m three-level 1890s CBD backpackers building for salePosted by On

The Backpackers Imperial Hotel at No.138 Collins St, Hobart is on the market. Picture: Supplied

IT is far from the norm for a building of this size and position to hit the market.

Located in the centre of Hobart’s CBD, the Backpackers Imperial Hotel is a three-level, historic building with 69 guest rooms, plus five staff rooms.

It is Tasmania’s largest backpackers, and also among the largest in Australia.

Knight Frank’s John Blacklow and Claude Alcorso said it was uncommon to see a freehold and business such as this for sale.

“It is rare for a CBD building of this size to come onto the market,” Mr Blacklow said.

“With a floor area of 2776sq m, the rate per square metre is only $2125 — significantly less than other buildings.”

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The Backpackers Imperial Hotel.

The Backpackers Imperial Hotel.

The 1890-built building — which was once a tea house, then a hospital — has capacity for over 150 guests, with a mixture of queen, twin, triple, single, bunk and dormitory options available.

Throughout the building there are kitchen, laundry, dining and lounge areas for guests, plus a manager’s residence.

The backpackers’ business has a history dating back over 30 years.

Mr Alcorso said the accommodation income is a mixture of permanent guests and casual…

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