City fringe Serviced Apartments and motel BO-0878

Near 30 rooms with same landlord located on North city fringe, close university and hospital, yearly turnover is $980,000 with long term lease and low rent with CPI increase. The serviced apartments and motel has a strong business model and has been a consistent performer for many years and boasts regular and a strong clientele base with numerous long-term clients. There is opportunity here for new owner operators to generate very good return. Current vendor run long time, sale due to retire. For more info, please call Cathy Shi on 0414237778, E: cathy.shi@balancerealestate.com, Balance Business & Real Estate Level 1, Suite 6, 695 Burke Rd, Camberwell VIC 3124, T: 03 9939-5659 / 03 9939-1910 F: 03 9939-1439, W: www.balancerealestate.com, E: balancecc@outlook.com