Premium Melbourne Short Term at 381 Cremorne

Expressions of Interest

Resort / Holiday Management Rights, CREMORNE VIC

Turnkey Designer Accommodation | Business-Only Sale | Strategic Inner Melbourne Location

Adjusted Net Profit: $281,000 | Revenue: $2.57 million

Expression of Interest Campaign Now Open

Ras360 Property Solutions, in conjunction with JLL Hotels & Hospitality Group, has been appointed by the Receivers and Managers to exclusively present the management and letting rights to 381 Cremorne a rare, blue-chip investment opportunity in the heart of Cremorne, Melbournes premier innovation and commercial precinct.

Positioned at the epicentre of what has been dubbed Silicon Yarra, 381 Cremorne is surrounded by the head offices of major national and global tech firms including SEEK, MYOB, Uber, REA Group, and Disney. This sought-after location ensures constant demand from business travellers, project teams, and extended-stay guests all seeking premium, self-contained accommodation in one of Australias highest-performing commercial precincts.

This offering includes the caretaking and letting rights to a contemporary, architecturally designed building comprising 60 apartments, with 30 currently in the letting pool, including 8 leasebacks. The property has been designed to cater for executive, relocation, and short-term leisure stays, featuring a mix of 1-, 2- and 3-bedroom apartments with high-end finishes and full self-containment.

Key financial highlights include:
Adjusted Net Profit: $281,000
Total Revenue: $2.57 million
Caretaking Salary: $75,000 (indexed to CPI)
Agreements expiring 2040
No requirement to own or reside in an apartment (business-only sale)

Office hours align with a short term operation, providing operational structure while preserving flexibility. This versatile model makes the business highly attractive to experienced accommodation operators or corporate investors seeking a Melbourne foothold.

381 Cremornes location also provides immediate access to Melbournes world-famous Sports and Entertainment Precinct, including the MCG, AAMI Park, and Rod Laver Arena ensuring spikes in occupancy and rates during high-profile events. Guests and residents benefit from exceptional connectivity via Richmond and East Richmond train stations, tram routes on Swan and Church Streets, and the nearby Monash Freeway.

Cremorne continues to be one of Australias most rapidly growing commercial and lifestyle precincts, underpinned by sustained government and private investment, a strong development pipeline, and thriving demand for executive accommodation. The combination of commercial expansion and proximity to Melbournes best lifestyle and entertainment amenities makes 381 Cremorne a standout accommodation asset.

There is clear scope to increase revenue and profitability through letting pool expansion, dynamic pricing strategies, and value-add guest services. This is a turnkey investment with long-term agreements, low entry barriers, and a high-value postcode

Expressions of Interest are now invited. For a full Information Memorandum or to arrange a confidential discussion, please contact JLL or Ras360 Property Solutions

More Information

Financial Overview

Total Purchase Price: Expressions of Interest
Net Income: $ 281,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 0
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: undisclosed
_{Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.}