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High-End Serviced Apartments Operation For Sale

Shepparton, Victoria, Australia
Asking Price:
$475,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

• 18 Beautifully presented apartments
• Freehold available for 8 properties (by negotiation)
• Easy and efficient operation
• Opportunity for further growth
• Well established; operating for almost 20 years

The business is comprised of 18 beautifully presented, high-end serviced apartments. Eight of the freehold properties are available for sale by negotiation. The business leases the other 10 apartments.

A number of systems have been implemented to ensure easy and efficient operation. The current owner works 15 hours per week managing the day to day running of the business; including booking enquiries, accounts, SEO marketing and scheduling. Two staff are employed to perform the cleaning and other duties as required.

The business service a broad market ranging from families, couples and individuals, corporate travelers, conference attendees, groups, sales reps and holiday makers.

Well established and poised for further expansion, there is limited high end accommodation in the Shepparton area creating a fantastic opportunity for growth. The business’s investment in search engine optimisation marketing has significantly increased bookings and the business has had to at times, turn guests away.

This is a fantastic opportunity to expand on the business’s property portfolio and to further grow the business.

Property Information

Premises Details:

Ideally located in 7 separate residential areas, each of the 18 apartments are situated close to the central business district, providing guests with convenience and privacy.

Business Operation

Years established:
This high-end serviced apartment business was first established in 2003 and acquired by the current owner in 2014.

Contact NAI Harcourts Rinnovate

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