Dandenong VIC 3175

Summary: Located in the heart of the Dandenong area. This freehold accommodation has around 42 rooms with different types of rooms and private car parks. This well-presented accommodation in a prime location a few minutes drive to Dandenong Hospital and the industrial zone. Has been a fixture of the area for the past 5-plus years catering to corporate and regular clients.

About the business: All the rooms offer a fully equipped kitchen, outdoor furniture and BBQ facilities. Each has a lounge area with a sofa, a flat-screen TV and a DVD player giving the guests every creature comfort they could want. Laundry facilities are also provided.This accommodation has demonstrated strong consistent turnover and exceptional profit over a long period and is the perfect opportunity for the experienced operator or those new to the industry looking to purchase a well-established performer.

Key Points:

Built-in 2017
35 Km to The CBD
47 rooms
Fully Under Manage Operation
90% Occupancy
Accommodation Revenue $2.1M per annum
Rental income $900,000 + GST per annum (If freehold purchase )
Easy operation with minimal staff for front office and cleaning
Option to build and add 5 Rooms
Easy access to the Dandenong Ranges, Phillip Island, Mornington Peninsula, and Gippsland Easy access from Monash Freeway and Eastlink

Asking Price $14M (Freehold) Or Option to purchase Freehold and business $15.2M

If this is an opportunity that interests you, please contact the agent below to discuss this further. On completion of a confidentiality agreement and discussion, a comprehensive Information Memorandum can be provided.

Dilun Pathirana
Mobile: 0426 291 868
Everest Commercial
Property & Business Brokers
Her Majesty's Business Centre Level 1, 54 Davis Avenue,
South Yarra, VIC 3141
Email: Dilun@everestcpbb.com.au
www.everestcpbb.com.au