West Melbourne, Victoria 
            INCREDIBLE SCALE MIXED-USE SERVICED APARTMENT IN MELBOURNE NOP $940K+ | Resort Brokers ID : MR008821
            $4,433,965
            
            Business Description
            With a net profit close to $1M and an impeccable reputation as one of Melbourne's premier short-term buildings, the opportunity to acquire the award-winning management rights and concierge agreement to Deague Group's Melbourne Village is second to none.
 - Two towers, 21 and 27 levels respectively, with a total of 496 apartments & 33 townhouses
 - 199 apartments in combined permanent and short-term letting pool
 - Average occupancy over 80% in short-term pool
 - Verified net profit by industry accountant McAdam Siemon of $943,839 per annum
 - Concierge salary over $300k p.a and OC salary close to $600,000 per annum
 - Building commenced operations at the beginning of 2020 based on 25-year agreements
 - Reception/concierge hours are 7 days per week, 24 hours
 - High calibre facilities include 25m pool, business lounge, cinema, gym & wellness area, library & lounge
 - Property consists of 1- and 2-bedroom apartments with established apart-hotel branding
 - Two person management team staff the building assisted by contractors for cleaning and maintenance
 - 53 units are under a short-term leaseback model, 25 in the holiday pool and 121 permanent rentals
 - Upside opportunity to convert outside agents back into letting pool
 - All inspections by appointment only
 Date updated: 14 Oct 2025 22:00:02
		    
Business Summary
            
            Business Snapshot
		Price: $4,433,965
		Net Profit: $943,839 Remuneration / Body Corp Salary: $593,722
	 Complex Information
Complex Type: Resort / HolidayTotal Units in Complex: 529Total Units in Letting Pool: 199Outside Agent Units: 330Agreement Term Remaining: 25 years