408 Bay Street, Brighton, Victoria
SOLD - Brighton Serviced Apartments
SOLD
Business Description
Located just off Nepean Highway within walking distance to Coles supermarket, cafes, restaurants and the railway station.
Consisting of 21 accommodation units offering Studio, 1 & 2 bedroom apartments, all being self contained. This modern serviced apartment complex features on site car parking (most undercover) and all units have clothes washing machines. This established business is on the market because the vendor is moving overseas.
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Business Highlights
• EBITDA 2022 $125,000 (approx) Buyers Yield 29.4%
• Long term lease with 16 years remaining
Business Summary
Other Features / Notes
A:LEASEHOLD, B:MOTEL, C:VIC - MelbourneKey Investment Insights
1. Prime location within walking distance to amenities such as Coles supermarket, cafes, restaurants, and railway station.
2. Consists of 21 self-contained accommodation units, including Studio, 1 & 2 bedroom apartments.
3. On-site car parking, most of which is undercover.
4. All units have clothes washing machines.
5. Established business with a long-term lease of 16 years remaining.
6. EBITDA of approximately $125,000 in 2022, with a buyer's yield of 29.4%.
7. Ideal investment opportunity with potential for growth and high returns.
8. Modern and well-maintained serviced apartment complex.
9. Reason for sale is the vendor's relocation overseas.
10. Book an inspection today to see the potential of this business.
