Leasehold of a Quest Apartment Hotel Development. Due For Completion May'18
Leasehold of a Quest Apartment Hotel Development. Due For Completion May'18

Leasehold of a Quest Apartment Hotel Development. Due For Completion May'18

$2,040,000 + 245K (EBI) + GST

The Quest Midland business offers a unique opportunity to become associated with Australasia's most successful apartment hotel franchise system. The business consists of 102 keyed service apartments comprising 47 studio and 55 one bedroom (Inc. 7 special access one bedroom apartments). The leasehold interest will consist of an initial term of 15 years with 3 further option periods of 5 years. An initial rent free period of 92 days will apply and rent will be held for the first two years.

Key Features

  • Opportunity to benefit from future growth with new franchise business
  • Member of Australasia’s largest apartment hotel franchise group
  • 55 apartments some duel keyed providing a total of 102 separate apartments
  • Extra facilities including conference room, gymnasium and external swimming pool
  • Ideally positioned just 18 kms from Perth CBD, close to public transport and 9 kms from Perth Airport
  • Currently under construction and due for completion in May, 2018
  • Substantial franchisor support systems
  • Essential Business Items (approx.) $245,000

NB: Property inspections are by appointment only

Key Details

Listing Ref: LH004557
Property Type: Apartment Hotels
Region: WA - Perth
Suburb: Midland
Sale Type: Leasehold
Price: $2,040,000 + 245K (EBI) + GST

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

I had the pleasure of meeting and dealing with Jim Chapman at Resort Brokers nearly four years ago during the sale process of our first Quest business. Having being so pleased with the way Jim dealt with the first sale, I approached Jim to sell my next Quest business where again Jim delivered the sale with excellent results. I found Jim a true Gentleman and professional. Jim's communication was consistent and advise during the sale process was invaluable putting my mind at ease and delivering me a stress free sale. I would highly recommend Jim Chapman to sell your business and I will certainly approach Jim to sell my next business. Thanks Jim, good luck and keep up the great work that you do!

- Chris Brown
Vendor,
Quest Moorabbin

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