Where to buy a cafe, house and B & B for under $1 million

first_imgPerfect match? This chapel is for sale. 104-116 Beacon Rd, Tamborine Mountain is listed for $1.95 million.It is described as being an “established business” with “minimal risk”.The property features an open plan chapel, vestry and porte-cochere, two reception centres, a commercial kitchen, four accommodation cottages and water features and fountains.It sprawls over extensive landscaped and manicured lawns, complete with amenities and maintenance sheds, all contained within wrought iron gates and full fencing. A full list of chattels is available. The residence is split in two levels with multiple options.“A lot of B & Bs and accommodation options aren’t child-friendly but it suits families because of the two-bedroom, two-bathroom set up,” he said.The Hossy’s charged $280 per night through Airbnb.“With a quick calculation, if you did the Airbnb and rented the cafe, you are looking at a 11 per cent return projected off the figures we have,” said marketing agent David Jones, of House2Home Real Estate.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North1 hour ago02:37International architect Desmond Brooks selling luxury beach villa21 hours ago“There’s commercial dishwashers, coffee machines — basically if someone wanted it, it’s ready to go, it’s even got the seats and pillows still on the beds.” There’s lower level living, while upstairs is suitable for an Airbnb. The cafe and commercial kitchen is ready to go.There’s also a two-bedroom residence upstairs, which can be used as an Airbnb or B & B.Vendor David Hossy bought the property 18 months ago.“We originally set it up for a children’s brand we were developing,” Mr Hossy said.“It was all centred around the cafe, and focused on proactive parenting and parental skills.”Mr Hossy also ran family friendly short-term accommodation upstairs. A busy Sunday afternoon on Gallery Walk. The property also features four rooms and a full bathroom downstairs, two large undercover dining/entertainment areas, a large function room, children’s play area and cubby house, and eight car parks.It’s not the only hinterland property on the market offering immediate return on investment.A purpose-built wedding venue is listed for $1.95 million at 104-116 Beacon Rd, and currently offers a 10 per cent return and forward bookings, according to its listing. 96 Eagle Heights Rd, Tamborine Mountain is on the market for $950,000.YOU can have your proverbial cake and eat it too at this home which comes with a licenced commercial cafe and kitchen.There’s no better time to tap into Tamborine Mountain’s tourism trade, according to the vendor of the unique residence that comes complete with two business opportunities. The property has a country feel.The property is ideally positioned on the corner of the Gallery Walk tourist strip, where an estimated two million local, interstate and international tourists visit each year.“Someone from Sydney or Melbourne who wanted a tree change would be ideal,” Mr Jones said.Mr Hossy agreed.“It’s a great opportunity for anyone on the mountain for the tourist trade, that’s what attracted us,” he said.“It’s a consistently busy area, school holidays are very popular.”last_img read more