76-78 Chapman Street, North Melbourne, Victoria

Apartments on Chapman - Secure a Proven Serviced Apartment Business

Leasehold $650,000

Business Description

CRE Brokers are delighted to present for sale the leasehold interest in Apartments on Chapman, a well-established serviced apartment business located in the heart of North Melbourne, Victoria.

Positioned in a quiet side street just off Flemington Road, the property enjoys exceptional proximity to key Melbourne landmarks. It is within walking distance or a short tram ride to the Royal Children's Hospital, Royal Melbourne Hospital, Royal Women's Hospital, Peter MacCallum Cancer Centre, Melbourne University, Melbourne Zoo, and the Melbourne CBD.

The complex comprises 19 fully self-contained accommodation units, offering a mix of studio, one-bedroom, and two-bedroom apartments. All units feature in-room cooking facilities, and the property includes onsite car parking. Renovated throughout in 2011, the apartments present in modern condition.

The business has been successfully operated under management for many years and presents an excellent opportunity for an owner-operator to further enhance returns, underpinned by strong repeat patronage from friends and family visiting patients at nearby hospitals.

Private inspections are available by appointment.

Business Summary

Other Features / Notes

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

Marketing Agent

Rohan Pertzel

CRE Brokers

Key Investment Insights

AI generated. Confirm details with the seller.

1. Established 19 unit serviced apartment business offered as a leasehold opportunity in North Melbourne.
2. Fully self contained studio, one bedroom and two bedroom apartments provide flexible accommodation options.
3. All apartments include in room cooking facilities, supporting convenient longer or shorter stays.
4. Renovated throughout in 2011, the complex presents in modern condition.
5. The business has operated successfully under management for many years.
6. Strong repeat patronage is generated by friends and family visiting patients at nearby hospitals.
7. Walking distance or short tram ride to major hospitals, Melbourne University, Melbourne Zoo and Melbourne CBD.
8. Onsite car parking adds convenience for guests.
9. The quiet side street location just off Flemington Road combines accessibility with a more peaceful setting.
10. An owner operator may have scope to further enhance returns, supported by the established operation.