Check out this cool commercial opportunity south of Canberra

Investors might want to dust off the skis or wheel out the mountain bikes and make a beeline for Jindabyne for this multi-use opportunity.

It was only a few years ago that Snowy Mountains Backpackers in central Jindabyne was one of the region’s most affordable and popular accommodation options.

Since then, it has morphed into exclusive accommodation for ski resort workers and can accommodate more than 40 at a time.

The three-storey unit comprises ground-level shops, the accommodation level and a top-floor manager’s residence.

Toni Wheelhouse of Forbes Stynes Real Estate says the blend of commercial and accommodation spaces makes it a compelling investment option for an astute buyer.

“They would also acquire the Snowy Mountains Backpackers brand with a rich 20-year history,” she says.

“That’s a potential asset that could be leveraged in the future, depending on a buyer’s vision.”

On site are three long-term tenants: a cafe, a massage and gift shop, and a hairdresser. There’s also a fourth space that is perfect for an office. To the rear is a storage room and laundry.

“The leased commercial spaces ensure a reliable income stream and form a solid platform for any future plans,” Wheelhouse says.

“And the location doesn’t get any better in the heart of Jindabyne among local shops, restaurants and everything else.”

The property has a guide of $3 million.

Expression of Interest (EOI)

2-3/3 Gippsland Street, Jindabyne NSW 2627

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