2-3/3 Gippsland Street

First time to market is a chance to acquire a well-established commercial and accommodation property in one of the most sought-after locations in the Snowy Mountains. Located in the heart of Jindabyne, this versatile property offers a blend of commercial and accommodation spaces, making it the perfect high-yield investment for savvy buyers. Key Features: Three Long-Term Leases in Place: Secure, long-term tenants in three commercial spaces, ensuring a steady, reliable income stream. Fourth Office Space/Reception Area: A fourth commercial space, ideal for use as a reception area or office, supporting the accommodation operations. Accommodation for 48 Guests: Two levels of accommodation with nine rooms, perfect for hostel/group accommodation or long/short-term tenancy. On-Site Communal Laundry: A convenient communal laundry service for guests and tenants. Disability Access & Off-Street Parking: Provides easy access for all guests and tenants with off-street parking at the rear of the property. Prime Central Location: Located in the heart of Jindabyne's CBD, offering direct access to local shops, restaurants, and attractions. Snowy Mountains Backpackers Brand: This is a rare opportunity to acquire the iconic "Snowy Mountains Backpackers" brand, which has a rich 20-year history. The Jindabyne region currently has a gap in the backpacker market, presenting an excellent chance to rejuvenate and re-establish this well-known brand, tapping into the demand for budget-friendly accommodation in the area. Separate Amenities: Toilet amenities provided for the commercial tenants and their customers. Investment Opportunities: Backpacker Hostel/Group Accommodation: Continue the successful hostel model, catering to budget-conscious travelers and adventure groups. With 48 beds, the property offers significant income potential year-round, especially during peak ski and holiday seasons. Staff Accommodation: High demand for local worker housing means this property is perfect for staff accommodation, providing long-term rental income. Deluxe Holiday Accommodation: Upgrade the space to cater to mid-to-high-end tourists seeking premium, in-town lodging, tapping into Jindabyne's growing tourism market. Business Hub/Co-Working Space: Convert part of the property into a modern business hub or co-working space, attracting remote workers and small businesses in need of flexible workspace in a scenic environment. Whether you're looking for a high-yield investment or to expand into Jindabyne's flourishing tourism and business market, this property offers remarkable potential. With its prime location, established income from long-term leases, and flexibility to cater to various accommodation needs, this is an opportunity you don't want to miss. Disclaimer: While we believe this information to be accurate, it is not guaranteed and does not constitute a formal representation by the vendor or agent. Interested parties must perform their own due diligence and rely solely on their own enquiries regarding all dimensions, figures, inclusions, and descriptions.