FREEHOLD - MIXED-USE COMMERCIAL PROPERTY WITH APPROVALS & EXPANSION POTENTIAL | Resort Brokers ID : FH008317
(no street name provided), Ayr QLD 4807
$2,600,000
HotelSize: n/a
Block size: 3690 m² approx.
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
Inspections
No inspections scheduled on Allhomes, yet. You may ask the agent about upcoming inspections.
Send an enquiry
Contact Des Fagg to learn more about this property, request an inspection or take an online tour.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.