Short Term Management Rights - Victoria's Largest Rural City.

An ideal opportunity to secure the Management Rights and Caretaking of a 37 keyed 4.5 Star short term serviced apartment complex opened in February, 2016. Devlin Apartments is situated in a beautifully restored building of the “Georgian Revival” style at the original Gordon Junior Technical school built in the 1920's. The Devlin has retained the heritage exterior of this truly iconic building with the interior being converted into 28 (37 keyed) boutique apartments encompassing three distinct architectural styles. The three styles encompass New York Loft, Contemporary and Industrial Chic.
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  • 37 quality studio, one and two bedroom serviced apartments and motel units.
  • The only 4.5 star rated accommodation development in this growing region of 300,000 people.
  • Completely refurbished historic building with three distinct style of apartments/units.
  • Quality finishes, furniture, appliances whilst retaining a link to the buildings past.
  • Manager’s apartment with direct access to foyer/reception ($400,000).
  • Caretaking agreement (ten years from April, 2016 with 4 x 10 year options).
  • All apartments in the letting pool.
  • Enjoying substantial occupancy and excellent revenues.

NB: Property inspections are by appointment only