Leasehold Apartment Business Close to CBD, Universities and Hospitals.
Leasehold Apartment Business Close to CBD, Universities and Hospitals.
Leasehold Apartment Business Close to CBD, Universities and Hospitals.
Leasehold Apartment Business Close to CBD, Universities and Hospitals.
Leasehold Apartment Business Close to CBD, Universities and Hospitals.
Leasehold Apartment Business Close to CBD, Universities and Hospitals.

Leasehold Apartment Business Close to CBD, Universities and Hospitals.

$560,000Under Offer

ALSTON & DRUMMOND apartments are conveniently located in the inner suburban suburb of Carlton within 5 klms of the CBD of Melbourne and close to the Melbourne Market, Universities, Hospitals, Museum, Royal Exhibition Building, Melbourne theatres and a myriad of sporting venues. The properties are within walking distance to Lygon Street featuring a Safeway supermarket (45 seconds walking distance), Lygon Shopping Plaza, NOVA Cinema, Department stores and the best of all, the famous “Lygon Street" – Italian Heart of the City.

Key Features

  • Two buildings one constructed in 2014 other building recently refurbished.
  • Opportunity for additional 18 apartments with the addition of a 3rd and 4th floor on one building.
  • Ideally positioned in Carlton close to Lygon Street, Melbourne University, Melbourne Hospitals and easy commute distance to the CBD.
  • Both business situated with 50 metres of each other and reception situated in one building.
  • Enjoying good occupancies and with excellent trade from corporates, leisure, education and hospital clientele.
  • Currently operated with limited reception staff and housekeeping contracted out.

 NB: Property inspections are by appointment only

Key Details

Listing Ref: LH004971
Property Type: Motel
Region: VIC - Melbourne
Suburb: Carlton
Sale Type: Leasehold
Net Profit: $162,505
Price: $560,000

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

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

I had the pleasure of meeting and dealing with Jim Chapman at Resort Brokers nearly four years ago during the sale process of our first Quest business. Having being so pleased with the way Jim dealt with the first sale, I approached Jim to sell my next Quest business where again Jim delivered the sale with excellent results. I found Jim a true Gentleman and professional. Jim's communication was consistent and advise during the sale process was invaluable putting my mind at ease and delivering me a stress free sale. I would highly recommend Jim Chapman to sell your business and I will certainly approach Jim to sell my next business. Thanks Jim, good luck and keep up the great work that you do!

- Chris Brown
Vendor,
Quest Moorabbin