The sale of Manly’s Boardrider Backpackers comes as the return of budget travellers after the pandemic sparks a renewed demand for hostel-style accommodation - but ones that offer a higher standard of technology and amenities to cater for a new, more affluent wave of travellers, known as flashpackers.

Boardrider Backpackers at 63–67 The Corso has been sold to a private investor for $12.5 million.

Boardrider Backpackers has changed hands.

Built in 2001 and operated by the same owner for 25 years – Peter Skerrett’s private family office Invergowrie Property – the property has long been a fixture of Manly’s hospitality scene.

Previously home to a Crazy Prices Woolworths, the 1158 square-metre dual frontage property was transformed into a 28-room backpacker hotel featuring a ground floor café, expansive communal areas and a rooftop terrace with views over Manly Beach and The Corso.

It comprises 28 large accommodation rooms that can house up to 120 people in a mix of dormitories that can be redeveloped. The property was sold as a going concern and with the benefit of upcoming vacant possession, the purchaser intends to upgrade the existing accommodation.

The........

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