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Listing ID: 100714

Serviced Apartments in Melbourne For Sale

Melbourne, Melbourne, Victoria, Australia

AU$ 420,000

Revenue: AU$ 550,000

Cash Flow: AU$ 0 to 100k

Business Description

Situated in Moonee Ponds, Melbourne, directly across from Moonee Valley Racecourse, these outstanding self contained townhouse apartments are set in a prime location, only 6kms from Melbourne’s CBD and only 15kms from Melbourne International airport.

These are comprised of 11 serviced apartments, consisting of a combination of 2, 3 and 4 bedroom apartments, with all having spacious lounge and kitchen areas.
There is currently an option to buy a 12th apartment which has not been used by the business. This offers an opportunity to either expand and increase the business, giving long term security for an owner operator, or use this as an owners/managers residence.

The apartments are rated 4 star and have an off street car park as well as most of the units having their own garage.
This is a purpose built accommodation complex (not to be used as residential living).
There is 9 years left on current lease and rental is fixed until July 2016.
With occupancy rates at approximately 75%, this is an opportunity not to be missed.

Property Details

Years Established:

15

Other Details

Business Location:

15 minutes from CBD and Melbourne International airport. Close to all major visitor attractions

Premise Details:

combination of 2, 3 and 4 bedroom apartments

Operation Details

Employees:

4

Support & Training:

7 days before and 7 days after settlement

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