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. Purpose-built complex of 181 lots developed by Lechte Corporation, providing scale and asset quality.
2. Letting pool of 76 units, split 40 short-stay and 36 permanent, offering balanced income streams.
3. Strong financial performance, net profit $616,113 per annum.
4. Owners corporation salary of $184,690, contributing to total owner remuneration.
5. Listed price $3.07M for the business only, implying a high cash yield relative to price.
6. Long secure agreements, 25 year initial term with 22 years remaining, supporting operational stability.
7. Low operational burden, managed by a full-time property manager with receptionist, housekeeping staff and a part-time cleaner.
8. No requirement for the manager to live onsite, enabling remote or investor operators.
9. Significant immediate growth potential with 62 apartments currently managed externally.
10. Optional acquisition of a three-bedroom manager’s unit returning $45,000 per annum.
11. Strong location appeal near Monash University and Monash Medical Centre, driving demand.
12. High post-pandemic occupancy above 80% with rising average daily rates, supporting revenue resilience.
