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Rare freehold going concern with huge upside - close to Melbourne CBD&airport | Resort Brokers ID : FH008860
$8,400,000
Motel (Freehold) hospitality, FAWKNER VIC
A rare chance to secure a well-established, low-maintenance accommodation business in turnkey condition in a strategic Melbourne location.
First time to market as a freehold going concern, Fawkner Executive Suites&Serviced Apartments is a well maintained, high-quality property perfectly positioned within 12 km of Melbourne CBD to the south, and 13 km to Melbourne Airport to the northwest an ideal location with appeal to both corporate and leisure guests.
Occupying a substantial 1,503 sqm landholding, the property consists of 18 premium motel suites, 1 x two-bedroom villa, 1 x three-bedroom villa and 3 x three-bedroom townhouses, all of which are included in the sale. An additional four keys under lease takes the total key count to 27.
Fawkner Executive Suites&Serviced Apartments presents extremely well, meaning the new owner can move straight in and begin to grow the occupancy beyond its current level of 49%, boosting their bottom line in the process.
Freehold going concerns in major state capitals are very tightly held, making this an opportunity not to be missed.
- 27-key executive accommodation offering suites, villas and townhouses
- Low-maintenance, turnkey business in excellent condition
- Huge upside to grow occupancy and revenue
- Strategically positioned 12 km from Melbourne CBD and 13 km from Melbourne Airport
- Consistent, strong trade from both corporate and leisure guests
- First time offered as a freehold going concern
- Inspections are by appointment only
Date updated: 24 Aug 2025 23:00:04
More Information
- Total Purchase Price: $8,400,000
- Net Income: $ 446,174
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
This is the approximate number of years the business' revenue would pay for the business component.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Are there any set office hours stipulated in the contract?
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?