Historic Freehold + High-Yield Accommodation Business + DA-Approved Future Upside

139-143 Queen Street, Ayr QLD 4807 Over $1.75m

A rare opportunity to secure one of Ayr's most iconic landmarks - A century-old freehold, positioned on a substantial 3,690m² CBD block. This historic building has been carefully restored and upgraded, now operating as a stable long-term accommodation business with strong, consistent returns and significant potential for uplift.

Originally opened in 1895, the building remains one of Ayr's most recognisable heritage structures. Today, it blends its rich history with modern practicality, offering clean, air-conditioned rooms, dormitory accommodation, and a fully equipped commercial-grade kitchen. The property also benefits from additional income via the established Chill Café lease on the ground floor.

Extensive compliance upgrades have been completed, ensuring the building meets current operational, fire, and safety standards - a major advantage for investors seeking a secure, low-risk asset.

Adding to its appeal, the property holds a Development Approval for conversion into 25 fully serviced units, presenting substantial future uplift potential for those looking to expand or reposition the asset.

Key Features

· Consistent gross accommodation income of $12,000-$15,000 per month

· Additional $3,860.60 per month from Chill Café lease

· Priced at current low occupancy with major upside to increase rental income

· Freehold 3,690m² block in the heart of Ayr's CBD

· Extensive compliance upgrades completed - fire, safety, operational reinstatement

· DA approval for 25 fully serviced units - significant future development potential

· All rooms air-conditioned or fanned

· Six bathrooms, clean dormitory accommodation

· Full commercial kitchen with cold room, cooktops, air-fryers, utensils

· Open-plan common area + outdoor picnic spaces

· Laundry facilities, lockers, weekly linen service

A solid, income-producing freehold with heritage charm, modern compliance, and exceptional future potential - opportunities of this calibre are rarely offered.

"This Office and its Agent provide no guarantees or undertakings concerning the accuracy, completeness, or current nature of the information and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers must undertake their own due diligence"...