Catering to the demand for quality short-term accommodation, the apartments are conveniently located close to schools, public transport, shopping centres and with easy access to the Melbourne CBD. The business is well advertised with a strong Internet presence and the sale includes all bookings processes as well as the Internet site. Your cash flow and business exposure is kept to a minimum with most tenants staying for periods of a few weeks through to 8 weeks or so with payment in advance. Occupancy rates vary from about 75% to over 90%. A new operator could improve this further by expanding advertising and undertaking more Business Development activities. Demand for short accommodation continues at a steady pace. Most clients seek alternatives to traditional Hotel Accommodation allowing them privacy and freedom. They are well suited to company executives living in Melbourne with their families for a short time or perhaps immigrants seeking temporary accommodation while long term arrangements can be made and so on. Business only – $200,000 negotiable Business and Freehold – $750,000 NEGOTIABLE Please contact your agent: John Bevilacqua on 9716 2243 . Detailed information is available upon signing of a Confidentiality Agreement.