About the Business

CRE Brokers are delighted to present for sale the leasehold interest in Apartments on Chapman, a well-established serviced apartment business located in the heart of North Melbourne, Victoria.

Positioned in a quiet side street just off Flemington Road, the property enjoys exceptional proximity to key Melbourne landmarks. It is within walking distance or a short tram ride to the Royal Children's Hospital, Royal Melbourne Hospital, Royal Women's Hospital, Peter MacCallum Cancer Centre, Melbourne University, Melbourne Zoo, and the Melbourne CBD.

The complex comprises 19 fully self-contained accommodation units, offering a mix of studio, one-bedroom, and two-bedroom apartments. All units feature in-room cooking facilities, and the property includes onsite car parking. Renovated throughout in 2011, the apartments present in modern condition.

The business has been successfully operated under management for many years and presents an excellent opportunity for an owner-operator to further enhance returns, underpinned by strong repeat patronage from friends and family visiting patients at nearby hospitals.

Private inspections are available by appointment.