Clayton, Victoria

Premium Accommodation Business Offering Scale and Strong Returns in Melbourne

$2.55M - Business Only

Business Description

Clayton Serviced Apartments represents one of Victoria's premier management rights opportunities, combining strong, diversified income with outstanding growth potential. Purpose-built by the highly regarded Lechte Corporation, the complex comprises 181 apartments and townhouses, catering to both short-stay guests and permanent residents to deliver consistent occupancy and resilient trading.

The established letting pool of 69 units, comprising 37 short-stay and 32 permanent apartments, is supported by an experienced team including a full-time property manager, receptionist, housekeeping staff and cleaner, allowing the business to operate efficiently with minimal owner involvement. There is no requirement for the manager to reside onsite, making this an attractive opportunity for both investors and owner-operators.

Current net profit is approximately $550,000; however, historical trading, exceptionally strong forward bookings and the easing of temporary cost pressures indicate a capable operator could reasonably expect earnings to return to the mid-$600,000 range in the first year of ownership. Prospective purchasers are encouraged to discuss the historical performance and booking trends with the agent, as the business has demonstrated exceptional trading strength. The business also benefits from a body corporate salary exceeding $190,000 for relatively modest caretaking duties, with a supportive committee committed to the ongoing success of the complex.

Further upside exists through the opportunity to expand the letting pool, with a significant number of apartments currently managed by external agents. An optional three-bedroom manager's residence, currently returning approximately $45,000 per annum in rental income, is also available the purchaser wishes further bolstering the already strong 21% ROI. . Positioned moments from Monash University, Monash Medical Centre and major employment hubs, Clayton Serviced Apartments is a rare opportunity to acquire a substantial, well-managed business with secure income, proven performance and genuine future growth.

**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

Business Summary

Business Snapshot

Price: $2.55M - Business Only Net Profit: $543,105 Remuneration / Body Corp Salary: $190,123

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 181Total Units in Letting Pool: 76Owner Occupy Units: 42Outside Agent Units: 63Agreement Term: 25 yearsAgreement Term Remaining: 21 years

Marketing Agent

Nathan Eades

0448 33....

Ras360

Key Investment Insights

AI generated. Confirm details with the seller.

1. Current net profit of approximately $543,105, with historical performance indicating potential return to mid $600,000 earnings.
2. A body corporate salary exceeding $190,000 provides substantial income for relatively modest caretaking responsibilities.
3. Established letting pool of 76 units combines short stay accommodation with permanent apartments, supporting diversified revenue.
4. Experienced full time property manager, receptionist, housekeeping staff and cleaner enable efficient operations with minimal owner involvement.
5. No onsite residence requirement provides flexibility for investors and owner operators.
6. Purpose built complex comprises 181 apartments and townhouses developed by the highly regarded Lechte Corporation.
7. Located near Monash University, Monash Medical Centre and major employment hubs in Clayton.
8. Twenty one years remain on the management agreement, supporting long term operational continuity.
9. Growth potential exists by expanding the letting pool from apartments currently managed by external agents.
10. Optional three bedroom manager residence provides approximately $45,000 annual rental income and may support the stated 21 percent return on investment.