Outstanding opportunity exists to acquire this long established business and freehold ideally located right in the heart of Carlton. On offer is the freehold at 196 Drummond Street (well appointed historic 2 storey Victorian terrace on 251sqm with OSP for 2-3 cars) as well as the business that also leases the premises at 198 Drummond Street (current lease term 14 years).

Currently operating as a boutique bed and breakfast style accommodation in stunning side by side historic Victorian terraces close to restaurants, hospitals, universities, Exhibition Buildings and the CBD.

Established for 13 years this well respected, successful business offers short, mid and long term accommodation to the corporate market and has been extremely popular for families, wedding parties and tourists wishing to stay in attractive surrounds close to so many Melbourne landmarks.

The freehold at 196 Drummond Street consists of 3 studio apartments upstairs and 1 four room self contained apartment downstairs.

The leasehold at 198 Drummond Street consists of 2 two bedroom self contained apartments , one upstairs, one downstairs, or can be offered as 1 four bedroom apartment.

The business has steadily performed at 80 85% occupancy, can be self managed and highly profitable.

Buy the freehold, leasehold or both and reap the benefits!