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Hotel business for sale in Inner City VIC

  • Hotel
  • Inner City VIC
  • $1,200,000 (GST na)

Under-management Serviced Apartment Near Melbourne CBD

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

Rare serviced apartment business near CBD and ideal for motel or serviced apartment business seekers.

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

Business Highlights

Business ID2016147699
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Last updated  11 Mar 2020
Map for Inner City VIC
Map for Inner City VICInner City VIC
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Suite 1, 54 Davis Avenue South Yarra VIC 3141