Long Leasehold business of 78 Serviced Apartment Hotel - 3kms from Melbourne CBD
Long Leasehold business of 78 Serviced Apartment Hotel - 3kms from Melbourne CBD
Long Leasehold business of 78 Serviced Apartment Hotel - 3kms from Melbourne CBD
Long Leasehold business of 78 Serviced Apartment Hotel - 3kms from Melbourne CBD
Long Leasehold business of 78 Serviced Apartment Hotel - 3kms from Melbourne CBD
Long Leasehold business of 78 Serviced Apartment Hotel - 3kms from Melbourne CBD
Long Leasehold business of 78 Serviced Apartment Hotel - 3kms from Melbourne CBD
Long Leasehold business of 78 Serviced Apartment Hotel - 3kms from Melbourne CBD
Long Leasehold business of 78 Serviced Apartment Hotel - 3kms from Melbourne CBD
Long Leasehold business of 78 Serviced Apartment Hotel - 3kms from Melbourne CBD

Long Leasehold business of 78 Serviced Apartment Hotel - 3kms from Melbourne CBD

$3,400,000Under Contract

An outstanding business to acquire with such strong demand in Melbourne to obtain a 78 serviced apartment Hotel in heart of Richmond. High turnover over, strong profits and occupancy.

Key Features

  • Outstanding long term lease of 24 years remaining of 78 serviced apartments in the heart of Richmond.
  • Very limited supply of unique and great assets to acquire and occupy.
  • Exceptional franchise brand of Adara Apartments and Hotel with the systems and support to enable for future growth.
  • Melbourne and inner city continues to enjoy strong occupancy and room revenue and the tourism outlook in the long term is very strong.
  • Existing and established business, with great turnover and profits for the new purchaser to step into and manage. 

 

 NB: Property inspections are by appointment only

Key Details

Listing Ref: LH004870
Property Type: Apartment Hotels
Region: VIC - Melbourne
Suburb: Richmond
Sale Type: Leasehold
Net Profit: $924,609
Price: $3,400,000

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

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