Developments

Backpackers for Sale

Gladstone Backpackers is up for sale according to Raine & Horne’s Darryl Branthwaite who said the owners were looking for offers over $950,000.

Long-time owner Lynda Odgers has managed the business with her daughter Lesley Belcham, for six years.

Mr Branthwaite said while the backpackers was in a good location, it also was an income producing block. He said a husband and wife team would be ideal to take over the business that had an occupancy rate over 90%.

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