Clayton, Victoria
Blue Chip Passively Run Mixed Use Melbourne MR
$3.07M - Business Only
Business Description
Clayton Serviced Apartments presents one of Victoria’s strongest management rights offerings, combining scale, income, and flexibility in a purpose-built complex developed by the respected Lechte Corporation. Comprising 181 lots across apartments and townhouses, the complex services a blend of short-stay guests and long-term residents, delivering both occupancy consistency and rental diversity.
The on-site letting pool includes 76 units—40 short-stay and 36 permanent—providing a balanced, high-performing rental portfolio. Professionally managed by a full-time property manager with support from a dedicated receptionist, housekeeping staff, and a part-time cleaner, the business operates seamlessly with minimal owner input. Importantly, there is no requirement for the manager to live onsite, making this an appealing option for investors or remote operators.
The business benefits from strong caretaking and letting agreements, a professional-grade reception area, and cooperative body corporate support, ensuring long-term operational security. Financials are equally compelling, with a net profit of $616,113 and an owners corporation salary exceeding $185,000, all for modest caretaking duties. This equates to a flat 20% return, rarely seen in such a tightly held metro market.
There is significant upside potential, with 62 apartments currently managed externally, offering immediate pathways for growth. Additionally, the option exists to acquire a spacious three-bedroom manager’s unit, currently tenanted and returning $45,000 per annum. Located close to major medical and education precincts including Monash University and Monash Medical Centre, the complex enjoys strong post-pandemic occupancy of over 80% and rising average daily rates.
With robust financial performance, operational simplicity, and scalable upside, Clayton Serviced Apartments stands out as a premier opportunity in the Victorian management rights sector.
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
Business Summary
Business Snapshot
Price: $3.07M - Business Only
Net Profit: $616,113 Remuneration / Body Corp Salary: $184,690
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: 22 years
Key Investment Insights
1. The business for sale is a Blue Chip Passively Run Mixed Use Melbourne MR Clayton Serviced Apartments.
2. The complex was developed by the respected Lechte Corporation and comprises 181 lots across apartments and townhouses.
3. The complex services a blend of short-stay guests and long-term residents, providing both occupancy consistency and rental diversity.
4. The on-site letting pool includes 76 units, with a balanced mix of 40 short-stay and 36 permanent rentals.
5. The business is professionally managed by a full-time property manager with support from a dedicated receptionist, housekeeping staff, and a part-time cleaner.
6. The manager is not required to live on-site, making this an appealing option for investors or remote operators.
7. The business benefits from strong caretaking and letting agreements, a professional-grade reception area, and cooperative body corporate support.
8. The financials are compelling, with a net profit of $616,113 and an owners corporation salary exceeding $185,000.
9. There is significant upside potential, with 62 apartments currently managed externally, offering immediate pathways for growth.
10. The option exists to acquire a spacious three-bedroom manager's unit, currently tenanted and returning $45,000 per annum.
11. The complex is located close to major medical and education precincts, including Monash University and Monash Medical Centre.
12. The complex enjoys strong post-pandemic occupancy of over 80% and rising average daily rates.
13. The business is operated by Ras360, a specialist in management rights, motels, hotels, pubs, and parks.
14. The asking price for the business is $3.07 million, with a net profit of $616,113 and a remuneration/body corp salary of $184,690.
15. The complex is a resort/holiday type and has a total of 181 units, with 76 units in the letting pool and 42 owner-occupied units
