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Malvern East VIC 3145

Malvern East VIC 3145

  • Hotel, Motel, Pub & Leisure
  • For Sale, $6,450,350

SERVICED APARTMENT HOTEL - FIRST TIME TO MARKET - NETTING $1.2M | Resort Brokers ID : MR008304

    ResortBrokers presents to market this outstanding 4.5 star serviced apartment building in a hot location of Melbourne. Boasting a net in excess of $1.2m with lots of upside potential to be explored, this superior management rights business will be highly coveted by experienced operators.

    - Incredible opportunity to grow the short-term letting pool from 98 with potential up to 150
    - Contemporary single tower high-rise with over 325 apartments
    - OC salary of $577,280 p.a. with December CPI renewal representing 46% of net income
    - Offering 1, 2 and 3 bed apartments
    - Quality amenities include large outdoor terrace, spa, sauna, gym & dining room
    - Desirable location attracting strong and consistent occupancy
    - Long tenure remaining on 25 year Caretaking and Letting Agreements
    - Verified net profit by specialist industry accountant of $1,217,047 p.a.
    - Extensive operational spaces with reception, back office & storage areas
    - 20mins to CBD, close to local restaurants, bars and major sports facilities
    - All inspections by appointment only

    ResortBrokers®
    ResortBrokers®
    362 Montague Rd
    West End, QLD 4101

    Property Highlights

    Floor AreaAsk Agent
    Land AreaAsk Agent
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2019327025
    Category
    Last updated  30 Sep 2024
    Map for Malvern East VIC 3145
    ResortBrokers®
    ResortBrokers®
    362 Montague Rd
    West End, QLD 4101

    Property Highlights

    Floor AreaAsk Agent
    Land AreaAsk Agent
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2019327025
    Category
    Last updated  30 Sep 2024

    Listed by

    More about Malvern East VIC 3145

    Malvern East VIC 3145 is categorized as Hotel, Motel, Pub & Leisure Property. The listing ID for this property is 2019327025.

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