East Melbourne, Victoria

Melbourne CBD Fringe - Serviced Apartments - 1P4731M

Leasehold $1,200,000

Property Description

CRE Brokers are pleased to offer this Leasehold Business located in East Melbourne and within easy access to Melbourne's local attractions.

Offering serviced apartment style accommodation, the opportunity comprises 26 very well appointed apartments affording single room and family suite options. There is also a reception area, separate office space and a coin laundry for guests.

The current owners have managed the business for over 12 years and are now selling due to family reasons.

Easily operated and providing a stable income this opportunity features a long lease with reasonable rent and would suit an investor or owner operator. Capacity exists to further increase takings if run by an owner operator.

Property Summary

Motel Information

Other Features / Notes

A:LEASEHOLD, B:MOTEL, C:VIC - Melbourne
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