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Accommodation & Tourism business for sale in Inner City VIC

  • Accommodation & Tourism
  • Inner City VIC
  • $2,600,000

Apartment Hotel - Inner CBD Leasehold

On offer, this large inner CBD modern 400 apartment complex will provide an experienced serviced apartment operator an excellent return. The apartment complex is within walking distance to central CBD and serviced by public transport at its doorsteps. Featuring 92 serviced apartments in the letting pool with a mix of one and two bedroom apartments with secure basement car-parking.
This business has been operating since 2005, showing consistent accommodation revenue with high occupancy rates. This business provides the opportunity to add additional apartments in the letting pool as occupancy rates within this complex have been consistently at above 90%

Features
- Inner CBD location, in prime location
- Leasehold to 92 apartments , a mix of one and two bedroom apartments
- All leases are on a Residential Tenancy Agreement
- Leases are negotiated with landlords during the tenancy agreement
- Leases term varies from periodic to 1 to 5 years (15 apartments with 10 years lease)
- Ground floor office reception area and guest lobby area
- On site secure car-parking
- Consistent loyal corporate client base
- Ample opportunity to increase the size of the letting pool
- Superb consistent high occupancy rates above 90%
- Net Profit $917,000
- Selling Price $2,600,000

Business Highlights

Business ID2014639767
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ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  11 Jan 2019
Map for Inner City VIC
Skyline Business Brokers

37 Elizabeth Street Malvern VIC 3144

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