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FREEHOLD - MIXED-USE COMMERCIAL PROPERTY WITH APPROVALS&EXPANSION POTENTIAL | Resort Brokers ID : FH008317
$2,600,000
Back Packers hospitality, Ayr QLD
ResortBrokers offers to market a profitable two-tier business opportunity in Ayr, combining Ayr Budget Accommodation and the Chill Cafe.
Historically run as a backpackers 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.
What was initially being offered as a freehold backpackers 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 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.
- 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: 23 Jun 2025 23:00:02
More Information
- Total Purchase Price: $2,600,000
- Net Income: $ 0
(projected)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
This is the approximate number of years the business' revenue would pay for the business component.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Are there any set office hours stipulated in the contract?
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?