Ayr, Queensland

FREEHOLD - MIXED-USE COMMERCIAL PROPERTY WITH APPROVALS & EXPANSION POTENTIAL | Resort Brokers ID : FH008317

$2,600,000

Business Description

ResortBrokers offers to market the Freehold of a mixed-use commercial property, ideally positioned along the main street, in the heart of Ayr's' CBD.

This business opportunity combines Ayr Budget Accommodation (Backpackers) and the Chill Parlour (Cafe), which alone generates a rental income circa $40+k pa with a long-term lease agreement in place.

The 3,690sq property, with room to expand, has DA approvals already in place for an additional 7 motel units and to retrofit the existing hostel to 18 motel units.

The current vendor has undertaken works, including fixing electricals and installing air-conditioning across all rooms, bringing the property up to fire safety and council compliance standards, not to mention injecting substantial funds into marketing, increasing online bookings for the new investor to reap the rewards.

Reflecting a substantial $409k+ Projected Net Profit, this is a great opportunity to own a commercial investment with plenty of upside within a friendly rural town and enjoy the fantastic ground work the present owners have established.


- Increase tariffs in line with similar accommodation in the region


- Cafe lease rental income $40,713


- 2 solar power systems installed


- DA approval for additional units


- High economic growth region, mecca for backpackers


- Prime CBD location with easy access to shopping and dining


- 130 beds, currently 85 council approved, 26 newly air-conditioned


- New mattresses, hot water system, washing machines, dryers and cooking appliances installed


- Inspection by appointment only
Date updated: 07 Jul 2024 23:00:10

Business Summary

Business Snapshot

Price: $2,600,000 Net Profit: $409,765
Marketing Agent
Jacqueline Featherby
Jacqueline Featherby

Listing location
Gallery

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