FREEHOLD - MIXED-USE COMMERCIAL PROPERTY WITH APPROVALS & EXPANSION POTENTIAL

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.