118-120 Petrie Terrace, Petrie Terrace QLD 4000

Banana Backpackers... a rare opportunity to acquire a prime property, 2 minute stroll to the vibrant Barracks retail and commercial precinct. Only minutes to iconic Caxton Street, Suncorp Stadium, Roma Street train & bus station; AND...Just a 10 minute walk to the heart of Brisbane's CBD.

The Banana Backpackers 118 & 120 Petrie Terrace... has been successfully operating on the site for over 27 years and is a truly tried and tested budget accommodation venue.

Its close proximity to shops, cinemas, cafes, bars and sports facilities make it a popular and much loved budget accommodation destination, and now with the 'upcoming' announcement of Brisbane hosting the 2032 Olympic Games...A Game changer for Accommodation this close to the heart of our City!!!

Banana Backpackers can offer a variety of accommodation options from small 4 person dormitories to private double and twin-share rooms with a capacity of up to 80 people.

There is also a huge deck with expansive views of Brisbane's Mount Coot-tha & beyond... Included with the business is the existing Liquor Licence:

The Banana Backpackers prime inner city location and close proximity to major roads and public transport hubs offers highly attractive Budget Accommodation / Backpackers, and to short-term visitors. The upcoming Olympic Games announcement will certainly facilitate new development in the neighbourhood and boost the site's amenity. The property is well positioned being just a 10 minute walk into Brisbane's CBD and all urban amenities on the doorstep.

• The Banana Backpackers Prime Petrie Terrace frontage is only a short distance to shops, recreational facilities and public transport hubs, including Roma Street railway and coach stations and the Normanby Bus Interchange
• Vibrant neighbourhood with restored and revitalised buildings
• 500m to the Brisbane River, Southbank and Roma Street Parklands
• Only minutes walk to the Barracks retail and commercial precinct, Caxton Street and the famous Suncorp Stadium.
• Trendy local community & Cafe / Dining Precinct.
• Easy freeway access to Gold Coast, Sunshine Coast and Brisbane Airport.

The Banana Backpackers is Prime Location...

The Opportunity...The Banana Backpackers - 118 & 120 Petrie Terrace is a going concern for investors seeking a share of the lucrative tourism market, with potential for upgrading existing facilities and, or undertaking complete redevelopment the site, for new commercial or residential ventures (STCA). The prime inner city location, main road frontage, corner position, and close proximity to all amenities and expansive view of Mount-tha will ensure that this property remains a sound investment, now and into the future.

The Banana Backpackers property features: Office Reception, 21 rooms with 7 bathrooms, expansive common areas, fully supplied kitchen with an outdoor terrace and liquor license, entertainment area & laundry... Currently returning 6% Net and fully leased.

A rare and unique opportunity, NOT to be missed...Contact Clive O'Kelly on 0416 199 796 or Sandra O'Kelly on 0448 126 609 for further information and inspection.