Motel and accommodation for sale, Melbourne VIC
Photos: ResortBrokers Australia
Under offer
ResortBrokers Australia has marked this business under offer. A sale is in progress, and the business may come back to market if it does not go ahead.
At a glance
- Property type
- Apartment Hotels
- Sale type
- Management Rights - All
- Region
- Melbourne
About the business
Management rights to an 18-level hotel five minutes from Melbourne's CBD, in Victoria. There are 309 lots in total, 209 of them room suites. Currently 136 rooms are under short-term leases. The building is a strata-titled apart-hotel. A new BMA commenced in Dec 2021, with over 20 years remaining. Four conference and office space leases are located on Level 1.