Sunraysia Apartment Hotel Leasehold
Sunraysia Apartment Hotel Leasehold
Sunraysia Apartment Hotel Leasehold
Sunraysia Apartment Hotel Leasehold
Sunraysia Apartment Hotel Leasehold
Sunraysia Apartment Hotel Leasehold
Sunraysia Apartment Hotel Leasehold
Sunraysia Apartment Hotel Leasehold

Sunraysia Apartment Hotel Leasehold

$1,500,000Under Offer

The Quest Mildura business offers a unique opportunity to become associated with the Quest Brand, one of the most successful franchise systems in Australia. Completed and opened in May 2010 Quest Mildura has matured into a substantial business and accommodation provider to the area. With occupancy now approaching 70%, the business is operating very profitably under management.

Key Features

  • 66 x 4½ Star Serviced Apartments. 25 studio, 25 one bedroom, 12 two bedroom and 4 three bedroom apartments. All apartments provide quality furnishings and fittings, kitchens, living areas, bathrooms
  • Building facilities include a large reception area with separate Manager’s office, conference room, and onsite parking    
  • Quest Apartment Hotel Franchise. Excellent mix of corporate and leisure guests
  • Experiencing substantial growth in occupancy, income and profitability.
  • 30 Year Lease from March 2016. Market Rent.

 

NB: Property inspections are by appointment only   

Key Details

Listing Ref: LH004673
Property Type: Apartment Hotels
Region: VIC - North
Suburb: Mildura
Sale Type: Leasehold
Net Profit: $447,950 Projected
Price: $1,500,000

Listing Agent(s)

Agent Feedback

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

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

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