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. 21-unit serviced apartment complex, mix of Studio, 1 and 2 bedroom self-contained apartments.
2. All units include clothes washing machines, enhancing guest convenience and operational efficiency.
3. Modern complex with on-site car parking, most spaces undercover, supporting guest appeal in suburban location.
4. Located just off Nepean Highway within walking distance to Coles supermarket, cafes, restaurants and the railway station, improving guest accessibility and demand.
5. Established business with vendor selling due to relocation overseas, indicating a non-performance-related exit.
6. Reported EBITDA circa $125,000 for 2022, providing a concrete earnings benchmark.
7. Stated buyer yield of 29.4%, signalling a potentially strong return for purchasers based on the vendor’s numbers.
8. Leasehold asset with a long-term lease, 16 years remaining, offering tenure stability for an operator or investor.
9. Classified as motel/leasehold in Melbourne, Victoria, which may align with short-stay accommodation regulatory and marketing channels.
10. Compact portfolio size suitable for owner-operators or investors seeking manageable operations with potential for yield optimisation.
