Rare freehold going concern with huge upside - close to Melbourne CBD & airport

A rare chance to secure a well-established, low-maintenance accommodation business in turnkey condition in a strategic Melbourne location.

First time to market as a freehold going concern, Fawkner Executive Suites & Serviced Apartments is a well maintained, high-quality property perfectly positioned within 12 km of Melbourne CBD to the south, and 13 km to Melbourne Airport to the northwest — an ideal location with appeal to both corporate and leisure guests.
Occupying a substantial 1,503 sqm landholding, the property consists of 18 premium motel suites, 1 x two-bedroom villa, 1 x three-bedroom villa and 3 x three-bedroom townhouses, all of which are included in the sale. An additional four keys under lease takes the total key count to 27.

Fawkner Executive Suites & Serviced Apartments presents extremely well, meaning the new owner can move straight in and begin to grow the occupancy beyond its current level of 49%, boosting their bottom line in the process.

Freehold going concerns in major state capitals are very tightly held, making this an opportunity not to be missed.