Ayr, Queensland

FH MIXED-USE PROPERTY WITH LONG TERM CAFE LEASE IN PLACE + EXPANSION POTENIAL | Resort Brokers ID : FH008317

$2,200,000

Business Description

What was initially being offered as a freehold backpacker's opportunity has moved into more of a passive ownership of the freehold going concern, with a local reputable Real Estate agent managing the longer-term rentals and the lessee of the cafe, on the ground. This provides the additional benefit of reducing the operating costs, combined with a rental income circa $40k + pa generated from the cafe, which has a long-term lease agreement in place.

Historically run as a backpacker's hostel, the vendor has made the move to change the accommodation, understanding the current housing crisis across the country and the huge demand for longer-stay accommodation by converting the rooms to longer-stay rentals with new furniture and fittings in line with this.

- 23 rooms rented at $250pw - approximate turnover $299,000
- Cafe long term lease provides rental income $40,713
- Prime CBD location with easy access to shopping and dining
- DA approval for additional units in place and retrofit the existing hostel
- High economic growth region, huge need for housing
- 130 beds, currently 85 council approved, 23 newly air-conditioned
- 3,690sq property, with room to expand
- Inspection by appointment only
Date updated: 04 Nov 2025 22:00:01