Rare Inner Melbourne, Permanent Off The Plan - 248 Units
Rare Inner Melbourne, Permanent Off The Plan - 248 Units
Rare Inner Melbourne, Permanent Off The Plan - 248 Units
Rare Inner Melbourne, Permanent Off The Plan - 248 Units
Rare Inner Melbourne, Permanent Off The Plan - 248 Units
Rare Inner Melbourne, Permanent Off The Plan - 248 Units
Rare Inner Melbourne, Permanent Off The Plan - 248 Units
Rare Inner Melbourne, Permanent Off The Plan - 248 Units
Rare Inner Melbourne, Permanent Off The Plan - 248 Units
Rare Inner Melbourne, Permanent Off The Plan - 248 Units

Rare Inner Melbourne, Permanent Off The Plan - 248 Units

Expressions of InterestSold

Ikebana is an award winning architectural style and refined luxury in flourishing West Melbourne (business only)

Key Features

  • Ikebana consisting of 248 of apartments is located in an elevated positon to take advantage of breathtaking views of the Melbourne CBD, Docklands & Flagstaff Gardens.
  • Intelligent layouts that have been meticulously designed to create luminous, serene spaces with many incorporating large island benches with adjoining dining spaces.
  • Kitchens feature bespoke joinery, stone and glass splash backs and ILVE appliances. Tiles of muted pebble, recessed shelving and soft lighting combine to create refined and functional bathrooms.  
  • The Ikebana Private Club has been inspired by the finest luxury resorts in Japan. This stunning recreation deck offers two spas, outdoor moonlight cinema, air gas fireplace, kitchen/bbq dinning area with panoramic views of the CBD and Docklands skyline.
  • Rental vacancy of West Melbourne is only 1.4% combined with indicative rental yields of 4.9% - West Melbourne properties deliver constituently strong returns.
  • Brand new 25 year agreements drafted by leading industry specialist solicitor, Col Myers of Small Myers Hughes.
  • Bespoke income projections prepared by industry specialists accountants Holmans.

NB: Property inspections are by appointment only

Key Details

Listing Ref: OTP004314
Property Type: Management Rights
Region: VIC - Melbourne
Suburb: West Melbourne
Sale Type: Management Rights - Off the Plan
Net Profit: $528,943
Price: Expressions of Interest

Listing Agent(s)

Agent Feedback

First person Jim Chapman brought through the door bought out motel. Without someone with Jim’s knowledge of motels, I don’t think it would have happened so quickly. Jim acted in a professional manner and was able to negotiate a realistic selling price for us. Jim was able to ensure there was an easy transition between us and the new owners.

- Barry & Karren Chappel
Previous Vendors,
Clifton Motel

Tim is helpful, friendly and passionate about the management rights industry and it is a pleasure to work with such a professional who takes a long term outlook on the industry.

- Michael Kent
Queensland Development Manager,
PELLICANO GROUP

I have known Jim Chapman for well over 10 years as we have been heavily involved in the tourism sector throughout the East Coast of Australia, however we had never actually had a business transaction take place simply because of one reason or another, so it was with great pleasure when we were finally able to team up together to sell our Quest Apartment business in Echuca. The sale was handled with the highest level of professionalism and just as importantly the sale process was very straight forward and streamlined, we were able to complete a sale that met with our expectations, not only in terms of the sale price but also with regard to the marketing and the sales process time frame that we had advised Jim we wanted.I would have no hesitation in recommending Jim Chapman if you are considering selling your business.

- David Broughton
Franchisee Owner,
Quest Echuca