Leasehold Motel for sale

• Operating under the highly successful "Quest" franchise
• Consisting of 37 serviced apartments, from studio apartments ro 4 bedroom apartments
• Unique business with apartments in a beautiful circa 1840's Heritage listed building and the 1929 "Christ's College" building
• Positioned around these buildings in an attractive village format are modern townhouses
• The reception is fully computerized and runs with the Room Master management software
• The managers house, known as the "Matron's Cottage" is 4 bedrooms with lounge, kitchen and bathroom
• The business is situated in a beautifully landscaped garden setting, yet just 1km from central Hobart and all major tourist attractions
• Currently run under management, this business would make a fantastic and profitable family business

Due to the owners retirement, a fantastic opportunity has arrived to purchase the leasehold of these "Quest" branded serviced apartments in the heart of the capital city of Tasmania, Hobart.

Each business is situated close to, or in the CBD and each business has its own unique characteristic. Currently run under management, these serviced apartments will also make ideal family busiensses.

The Quest brand is one of the most trusted and respected franchises in the industry and is regarded in the industry as one of the most successful and profitable franchises for operators and enjoys an above average occupancy rate.

Your choice of three business locations, close to Constitution Docks and Salamanca Place, in the heart of the retail shopping district or on the edge of the CBD in historic buildings and garden settings, so beloved by visitors to Hobart.

• Strong leases in place from 8 years to 15 years
• Businesses are AAA 3.5 to 4 star rated
• The businesses offer 31, 34 and 37 serviced apartments, most of which are self contained
• No restaurant to staff and operate. Easy to manage Continental Breakfast only
• Close to all Hobart's main attractions including, Brooke Street Cruise Pier, Tasmanian Museum and Art Gallery, Battery Point, The Domain Tennis Centre, TCA ground, Mount Wellington, the CBD and much more
• On-site owners/managers quarters are provided at two of the businesses 
• All receptions and offices of outstanding appearance in keeping with the character of the businesses with computerized Room Master Management Systems.
• Investment summaries available NOW for each of these excellent businesses. (Signed Confidentiality Agreements required). PHONE NOW
• SOLD INDIVIDUALLY, BUT WHY STOP AT ONE? These are all fantastic businesses. Inspection will not disappoint!

Net:

$146,997

Turnover:

$1,507,323