FH MIXED-USE PROPERTY WITH LONG TERM CAFE LEASE IN PLACE + EXPANSION POTENIAL

What was initially being offered as a freehold backpacker's 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 and the lessee of the cafe, 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.

Historically run as a backpacker's 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 with new furniture and fittings in line with this.