CBRE Hotels is pleased to offer for sale the going concern interest in the Canberra City YHA, located in the heart of Canberra, in a prime city position off the main city centre of London Circuit and City Hill.
Surrounding the property is the economic hub of Canberra with a plethora of government & corporate towers and accompanying hospitality & entertainment venues including Canberra Casino.
Situated on a 557m2 notional leased land area site, the site ’s central location offers flexible zoning conditions, allowing for a range of redevelopment options.
The offering comprises 65 accommodation rooms (264 beds) in a mix of private rooms, family rooms and co-living accommodation, in addition to a manager’s residence.
The asset offers the flexibility of a powerful branding opportunity with a YHA franchise (associate agreement), or with vacant possession, offering an incoming purchaser the opportunity to capitalize on a post-pandemic market and bolster the business’ trading performance and operating profit.