Melbourne CBD Fringe, 28 Year Lease And Excellent ROI!
Melbourne CBD Fringe, 28 Year Lease And Excellent ROI!
Melbourne CBD Fringe, 28 Year Lease And Excellent ROI!
Melbourne CBD Fringe, 28 Year Lease And Excellent ROI!
Melbourne CBD Fringe, 28 Year Lease And Excellent ROI!
Melbourne CBD Fringe, 28 Year Lease And Excellent ROI!
Melbourne CBD Fringe, 28 Year Lease And Excellent ROI!
Melbourne CBD Fringe, 28 Year Lease And Excellent ROI!
Melbourne CBD Fringe, 28 Year Lease And Excellent ROI!

Melbourne CBD Fringe, 28 Year Lease And Excellent ROI!

$1,500,000Sold

Adara East Melbourne is a newly refurbished, 51 room property just two kilometres from Melbourne's Central Business District. With a long 28 year lease this is an opportunity not to be missed.

Key Features

  • Long 28 year lease, self rated 4 star
  • Fantastic location in East Melbourne within 2 km of Melbourne CBD
  • Over 1 million invested over the past 18 months in refurbishment works
  • 51 room property with no food and beverage to manage.
  • Onsite Café subleased under the name Chi Café (open 7am – 2pm)
  • Room for occupancy and rate growth following the refurbishment completion
  • Opportunity to self brand or re-brand with a new hotel chain at settlement

 NB: Property inspections are by appointment only

Key Details

Listing Ref: LH004297
Property Type: Apartment Hotels
Region: VIC - Melbourne
Suburb: East Melbourne
Sale Type: Leasehold
Net Profit: $405,157 Projected
Price: $1,500,000

Listing Agent(s)

Agent Feedback

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

We have worked with Jim Chapman on two separate business sales for Quest Potts Point (NSW) and more recently Quest Beaumont Kew (VIC).  On both occasions we found both Jim and Resort Brokers extremely attentive & professional.  Jim was able to give us beneficial advice throughout the process and was a great support personally for both the purchaser and ourselves.  We highly recommend Resort Brokers.

- Steve and Liz Galea
Vendors,
Quest Beaumont Kew