About the Business

BUSINESS ID: XB167084

EASY TO MANAGE OPERATION – STRONG OCCUPANCY – PRIME MELBOURNE CBD/CHINATOWN LOCATION

An exceptional opportunity to acquire a well-established leasehold accommodation business positioned within one of Melbourne’s most vibrant hospitality and entertainment precincts.

Located in the heart of Melbourne CBD, this stylish apartment-style accommodation business features 6 well-appointed two-bedroom apartments, all within walking distance to Melbourne Central, Bourke Street Mall, Chinatown, public transport, restaurants, cafés, and major city attractions.

With strong occupancy levels, streamlined operations, and an outstanding CBD location, this business is ideally suited for owner-operators or investors seeking a quality accommodation opportunity within Melbourne’s tightly held hospitality market.

BUSINESS HIGHLIGHTS:

- Presenting 6 x Two-Bedroom Apartments

- Spread across 3 levels

- Secure leasehold opportunity with approximately 8 years remaining and expires in May 2034

- Single landlord operation

- Approximate turnover of $388,843 for the past 12 calendar months

- Strong occupancy rate of approximately 79%

- Prime Melbourne CBD / Chinatown location

- Stylish apartment-style accommodation

- Strong tourism and short-stay accommodation demand

- Fully equipped kitchens and spacious living areas

- Air-conditioned accommodation throughout

- Free Wi-Fi available

- Laundry facilities provided

- Excellent access to public transport

- Walking distance to Melbourne’s major attractions and entertainment precincts

- Easy-to-manage business operation

- Turnover (Last 12 Calendar Months): Approx. $388,843

- Adjusted Net Profit (Semi-Managed): Approx. $96,928

Contact: Kamal Sharma, OIEC / Managing Director, MEL Business Brokers Pty Ltd

Phone: 0420 452 327 Email: [email protected]

ASKING PRICE: $275,000

Further information can be provided upon execution of a Confidentiality / Non-Disclosure Agreement (NDA). All site inspections are strictly by prior appointment only.