Leasehold Apartment Hotel Sydney
Leasehold Apartment Hotel Sydney

Leasehold Apartment Hotel Sydney

$4,000,000Under Offer

A unique opportunity to become associated with Quest the dominant apartment hotel franchise in Australia. Quest North Ryde offers 173 Studio, One, Two and Three Bedroom fully self-contained Apartments. The business is well positioned for the significant future growth potential in the North Ryde/Macquarie Park accommodation market.

Key Features

  • 173 x 4½ Star serviced apartments including studio, one and two and three bedroom apartments. Each apartment is superbly presented and offering quality fittings and spacious living areas.    
  • The business has continued to grow and will benefit further with franchisee owner operator. 
  • Quest Apartment Hotels Group. Substantial support systems.
  • Enjoying continued growth in Profitability, Occupancy, Revenue and Room Rate.    
  • Long Lease tenure. 
  • Ideal for short or extended stay by corporate, leisure, sporting or family guests.   

NB. Property inspections are by appointment only

Key Details

Listing Ref: LH004785
Property Type: Apartment Hotels
Region: NSW - Sydney
Suburb: North Ryde
Sale Type: Leasehold
Net Profit: $781,638
Price: $4,000,000

Listing Agent(s)

Agent Feedback

We have worked with Jim Chapman on two separate business sales for Quest Potts Point (NSW) and more recently Quest Beaumont Kew (VIC).  On both occasions we found both Jim and Resort Brokers extremely attentive & professional.  Jim was able to give us beneficial advice throughout the process and was a great support personally for both the purchaser and ourselves.  We highly recommend Resort Brokers.

- Steve and Liz Galea
Vendors,
Quest Beaumont Kew

First person Jim Chapman brought through the door bought out motel. Without someone with Jim’s knowledge of motels, I don’t think it would have happened so quickly. Jim acted in a professional manner and was able to negotiate a realistic selling price for us. Jim was able to ensure there was an easy transition between us and the new owners.

- Barry & Karren Chappel
Previous Vendors,
Clifton Motel

I have known Jim Chapman for well over 10 years as we have been heavily involved in the tourism sector throughout the East Coast of Australia, however we had never actually had a business transaction take place simply because of one reason or another, so it was with great pleasure when we were finally able to team up together to sell our Quest Apartment business in Echuca. The sale was handled with the highest level of professionalism and just as importantly the sale process was very straight forward and streamlined, we were able to complete a sale that met with our expectations, not only in terms of the sale price but also with regard to the marketing and the sales process time frame that we had advised Jim we wanted.I would have no hesitation in recommending Jim Chapman if you are considering selling your business.

- David Broughton
Franchisee Owner,
Quest Echuca