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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 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: 15 Dec 2024 22:00:03
More Information
- Total Purchase Price: $2,600,000
- Net Income: $ 409,765
(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?