Melbourne's Leading Student Accommodation! (Our Ref: V1538)
$99,000 - Accommodation/Tourism
- Accommodation for approx 40 students in 14 rooms, fantastic inner suburb location!
- Turnover of approx $300,000 per annum, easy to run lifestyle business..
- Great communal areas and facilities including lounge, dining area, kitchen and laundry!
- Great social set up with large seating areas, onsite bar and pool table.
- Safe and secure with pin code entry, CCTV and bike storage.
- Currently operated by residents - reduced wages with limited owner involvement!
- Situated on main road between 2 train stations (only a 4 minute walk to either station).
- Key location with long lease and reasonable rent.
- Dissimilar to most hostels, the residents prefer longer stays due to their student status.
- Very popular student accommodation with a current occupancy of 83%.
- Easy and friendly residents with great sense of community.
- Student activities and gathering available at hostel.
- Contact us now to book an inspection - this offer won't last long!
**Exclusive to Paramount Business Brokers (Our Ref V1538)
**Some Images Used for Illustration Purposes Only
“The statements and financial information relating to the subject business are based solely on information supplied by the vendor to Paramount Business Brokers (Paramount) and therefore Paramount does not warrant the accuracy of such statements and financial information and specifically excludes any liability in relation to same. Paramount strongly recommends that any prospective purchaser of the business seeks its own independent legal, accounting and financial advice and conducts its own due diligence of the business.”