Large-Scale Management Rights, West Melbourne
Management Rights
ActiveHospitality & TourismVictoriaB2B & B2C
Asking price
$4,433,965
Disclosed · AUD
Revenue (est.)
~$4,038,678
Estimated · comparable listings of this type and size
Net Profit
$943,839
Implied multiple
4.7×
asking / earnings
Brief
- Two towers of 21 and 27 levels totalling 496 apartments and 33 townhouses
- 199 apartments in a combined permanent and short-term letting pool with over 80% occupancy
- Net profit verified by an independent industry accountant
- Building operating since 2020 under 25-year agreements
- 25m pool, business lounge, cinema, gym and library
- Two-person management team assisted by cleaning and maintenance contractors
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