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#Business ID: 21830

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Under-management Serviced Apartment Near Melbourne CBD

Business Location: Melbourne, Victoria, Australia

Asking Price: AU$ 1m to 5m Revenue: AU$ 1m to 5m Cash Flow: AU$ 1m to 5m

[Furniture / Fixtures included]

Business Summary

34 rooms with secure car parking facilities Turnover over $1,000,000 and Annual rent $340,000

Located in an unbeatable location near offices, Hospitals and sports venues.

Running with 34 rooms with secure car parking facilities

Current turnover over $1,000,000 and Annual rent $340,000 with CPI increase

Premise has long secure 5x5x5x5x5 lease, one single landlord and no hassle for transfer of lease and easy to get bank finance

Vendor has recently refurbished some rooms and premises is pet friendly with disability client access.

Vendor retiring after successful 9 years of operation and since 2018 the business is running fully under management due to vendor's interstate travel commitments.

Rare opportunity ideal for motel or serviced apartment business seekers.

Vendor expecting only $1,200,000. Do not miss this opportunity

Contact: Dilun 0426 291 868

Property Details

Property Type:

Lease

Other Business Details

Business Location:

Melbourne CBD fringe

Business Operation Details

Employees:

2

Support & Training:

vendor happy to train new owner

Miscellaneous Details

Reason For Selling:

Vendor retiring

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