Clayton, Victoria
Blue Chip Passively Run Mixed Use Melbourne MR
Under Contract / Offer
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: Under Contract / Offer
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. Large purpose-built complex of 181 lots developed by Lechte Corporation, offering scale and asset quality.
2. Letting pool of 76 units, split approximately 40 short-stay and 36 permanent, providing diversified income streams.
3. Strong net profit of $616,113, with owners corporation remuneration around $184,690 (c. $185k).
4. Exceptional reported flat 20% return, highlighted as rare in the tightly held metro market.
5. Passively run operation with a full-time property manager, receptionist, housekeeping team and a part-time cleaner, no onsite residency required.
6. Robust contractual and governance position, including strong caretaking and letting agreements, cooperative body corporate support, and a 25-year agreement with c.22 years remaining.
7. Clear near-term growth upside with c.62–63 apartments currently managed externally, presenting immediate yield expansion opportunities.
8. Option to acquire a three-bedroom manager’s unit currently tenanted, generating $45,000 per annum.
9. High demand location close to Monash University and Monash Medical Centre, supporting consistent occupancy and guest mix.
10. Post-pandemic performance strength, with occupancy above 80% and rising average daily rates.
