Summary
SOME ADDRESSES DON'T COME TO MARKET. THEY'RE PASSED BETWEEN THE RIGHT HANDS, AT THE RIGHT TIME, TO THE RIGHT CUSTODIAN.
Revenue
$3,100,000 pa
Net Profit
$600,000 pa
Location Details
Superbly positioned in Melbourne’s inner‑south, in the established St Kilda Junction / Fitzroy Street backpacker corridor, close to the CBD, sporting arenas & the beachfront, with strong tourism, foot traffic & a rare high‑visibility corner address.
Potential
Versatile pub‑and‑hostel operation with substantial upside via repositioning, more intensive food, beverage and events trade, and smarter yield management of the 88‑bed accommodation. Its prime St Kilda Junction / Fitzroy Street location in a growing tourism and nightlife hub, combined with forecast strength in Melbourne’s hospitality and accommodation sectors, provides an ideal platform for experienced operators to drive revenue growth and long‑term value.
Skills
Best suited to operators with strong hospitality management, leadership and customer service skills, plus the ability to drive F&B trade and optimise hostel occupancy and rates.
Hours
Trades 7 days a week.
Monday: 12:00 – 22:30
Tuesday–Thursday, Sunday: 12:00 – 23:00
Friday–Saturday: 12:00 – 01:00
Lease
Long, secure lease w/ further options, underpinning a stable platform for medium‑to‑long‑term operation & investment
Employees
The venue is operated with a flexible mix of full‑time, part‑time and casual staff across management, bar, floor and kitchen, scaled to seven‑day trading and event demand.
Reason for Sale
DISCREET OFF-MARKET OFFERING — EXPRESSIONS OF INTEREST
CLOSING THURSDAY, 3 SEPTEMBER 2026 AT 4:00PM (AEST)
About the Business
Boston Brokers presents one such holding — a Landmark Melb Pub & Backpackers business — via a private Expressions of Interest campaign to a curated audience of seasoned investors, owner‑operators & hospo groups.
THE OPPORTUNITY
Two proven revenue engines. One high‑visibility corner. A single leasehold.
A character‑driven pub & eatery trades below an 88‑bed backpackers, delivering dual income & clear upside. The venue is entrenched, the concept proven & the location sits in a tightly held inner‑south tourism strip where tenancies are rare. This is a business for buyers who want capital working inside a going concern from day one.
POSITION
On a map, it’s an address. In practice, it’s the tourism hub of Melbourne’s inner‑south — moments from St Kilda Junction & Fitzroy Street, the gravitational centre for backpackers & short‑stay visitors. Minutes to the CBD, cultural precincts & premier sporting arenas; direct tram, rail & arterial links; dense residential & commercial catchments; & year‑round demand anchored by the MCG, AAMI Park, Rod Laver Arena & St Kilda’s beachfront. Inner‑city sites combining frontage, dual‑use trade & established equity rarely re‑enter the market.
THE HOSPITALITY BUSINESS
An inner‑south institution built on independent taps, honest pub food & a fit‑out that feels earned rather than designed. Timber, brick, warm light, easy energy. After‑work locals in the front bar, groups in the side courtyard, weekends anchored by functions. A rotating tap list & straightforward food offer keep the room moving. Multiple trading zones plus a 60+ seat outdoor area, events programming & a captive audience from the beds above provide a runway to grow food, functions, events & social‑led marketing.
THE ENGINE ROOM
Back‑of‑house is built for volume: a trade kitchen, walk‑in fridge, staff facilities & trade fixtures & fittings included in the purchase price. An incoming operator trades from day one with no additional capex.
THE BACKPACKERS BUSINESS
Above, an 88‑bed backpackers generates stabilised nightly revenue against an inner‑city supply constraint. Beds span dorms & rooms, with a diversified guest mix across working holidaymakers, students, budget tourism & event‑driven demand. Yield can be lifted via revenue management, channel optimisation, partnerships & product refresh. The venue below captures food, drinks & functions from 88 in‑house guests every night. The pub underwrites base cashflow, the beds capture year‑round upside, & together they deliver a defensive dual‑income profile few standalone assets can match.
History
Expressions of Interest are to be submitted in writing to Boston Brokers and should address:
• Proposed purchase price and payment terms
• Buyer entity, principals, and funding source
• Settlement timeframe and any conditions
• Operator background, hospitality track record, and intended continuity of trade
• Contact details for the primary decision-maker
All enquiries are handled personally, and in confidence.
Rob Clifford 0407 449 672
Nathan Lihari 0411 988 999
Martin McEvoy 0499 032 292
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