On offer is the caretaking agreement at Canterbury Rise which is located in a safe and tranquil pocket of Box Hill South adjacent to parklands, walking tracks and bicycle paths yet in close proximity to Box Hill Central shopping centre and railway station. The Caretaking Service Agreement Tenure is 30 years from 27th September, 2017. The initial term is 10 years with 4 further terms of 5 years. The annual remuneration commenced at $50,000 (plus GST) with annual increases of 3%.

Key Features

  • Secure 30 year agreement
  • No requirement to reside on site. Limited hours of attendance
  • Operator may assign the agreement without requiring the consent of the OC
  • Initial annual remuneration $50,000 (plus GST). Annual 3% increase. 
  • New development completed in 2017

NB. Property inspections are by appointment

Key Details

Listing Ref: MRC005425
Property Type: Management Rights
Region: VIC - Melbourne
Suburb: Box Hill
Sale Type: Management Rights - Caretaking only
Net Profit: $46,800
Price: $180,000

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

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 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