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Successful Registered Boarding House Rooming For Sale

Asking Price:
$1,650,000 (AUD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$100K - $250K (AUD)
Cash Flow:
$100K - $250K (AUD)

Council Registered Legal, Large Modern home with STAC 739sqm land located in a quiet court that backs a park, close to public transport and 2 shopping centres. Only $160 per week expenses. WOW REALLY????? Ask me how!!!! This turnkey business with the latest technology is very easy to operate – even remotely.

As this property has many proprietary systems that were implemented exclusively for this business and are not available to any other rooming house, the details will only be shared with the lucky purchaser at handover/training time.

This property and business boasts:
1. OVER 100% occupancy
2. Multiple income streams
3. Easy to operate business
4. Proprietary accounting software
5. Low outgoings – no big electricity/water bills
6. 10 rooms
7. 3 kitchens
8. 3 bathrooms
9. 2 laundries
10. 2 storage sheds
11. Side pergola
12. 3 clothes lines – (1 undercover)
13. Smoking shed
14. 7 car spots + 1 extra
15. Car/bike port
16. Dining/ living room
17. New fences throughout
18. Multi camera Surveillance
19. State of the art smart home & business
20. Huge solar set up
21. An enclosed 25 organic fruit tree orchid
22. Rain water tanks
23. Water pump for irrigation
24. Animal (cat) run (to be installed)
25. Energy efficient home
26. Attic (pully system to be installed)
27. Evaporative cooling
28. Gas heater (to be connected)
29. Managers quarters possible Airbnb apartment
30. Possible 2nd Airbnb apartment
31. Quadrant zoning for division of house to units
32. 3-unit potential STCA site
33. 2 BBQ
34. Multiple courtyards
35. Close to public transport and 2 shopping centres
36. This property has it all and much much more!

Property information

Real Estate:

Real Property Included

Living Accommodation:

One bedroom apartment can be part of property or rented out separately or it can be converted to a studio and the other bedroom rented out to guests. There is also the opportunity to adapt the living arrangements so that you can have a 2 bedroom apartment if you have a larger family or there is an option for a managers studio apartment - the options are endless.


Close to 2 shopping centres, walking distance to public transport, medical centres, support services, Australian Gardens, Cranbourne Racecourse, multiple gyms, library, swimming pool

Mornington Peninsular
Melbourne City
The Dandenong Ranges
Phillip Island

Easy access to campuses:
Monash University

Premises Details:

Central location in Cranbourne -- walking distance to public transport and shops

Size in square feet:
Planning Consent:

Council recently upgraded its regulations to give us the opportunity to build 3 x 2 story buildings in our street. You can also choose to expand the business to the next level up and service a lager number of guest out of one or two buildings on the same block

Business Operation

Expansion Potential:

A lead tenant or agent can manage this property while you choose to travel, run another business or expand the business. The council will allow you to add catering for guests (with the correct permits in place) and then you can charge a lot more for the service. In addition, depending on your clientele or how much work you would like to put in, you can offer a full-service facility and begin to work as an NDIS provider. The potential is unlimited – this training and consultation can also be part of the handover period. There are OVER 15 different business options available out of the one property

Competition / Market:

This business is constantly expanding due to the social economic demographic that it caters too. In addition, the property could be converted to a portion or all Airbnb, student accommodation, elderly accommodation or support services. As this business is currently the top one in Melbourne it has the opportunity to pick and choose its clientele. Other rooming houses lack the high end facilties that this property offers and therefore can not compete - we are viewed more like hotel accommodation by the residents, agents and other service providers - We believe that we are number 1 in Melbourne judging by the feedback.

Reasons for selling:


Trading hours:

Flexible to suit your needs. Currently 1 hour per day. It is possible to change the layout of the business so that you can operate the business remotely (part of that infrastructure has currently been put into place to allow that to happen)

Years established:
7 years

Other Information

Support & training:

Full training given for one month.

Home based:
This business can be run from home.

Contact Information

    1. Your Address

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