CBRE Hotels is pleased to announce the sale of 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.
Key Investment Highlights:
– Located on a large site in the heart of Canberra, comprising 65 accommodation rooms and 264 beds.
– Mix of private rooms, family rooms and co-living accommodation, including indoor swimming pool, spa and sauna, café, full commercial kitchen, dining and lounge rooms, reception area, games area and rooftop BBQ terrace.
– Prominent branding and business opportunity with flexibility for vacant possession or retain the YHA branding under an affiliate franchise agreement.
– Surrounding economic hub of Canberra with a plethora of Government and corporate towers, with accompanying hospitality and entertainment venues.
– Redevelopment potential, allowing for a variety of alternate uses (STCA)