Leasehold Interest Australasia's Largest Apartment Hotel Franchise Group
Leasehold Interest Australasia's Largest Apartment Hotel Franchise Group
Leasehold Interest Australasia's Largest Apartment Hotel Franchise Group
Leasehold Interest Australasia's Largest Apartment Hotel Franchise Group
Leasehold Interest Australasia's Largest Apartment Hotel Franchise Group
Leasehold Interest Australasia's Largest Apartment Hotel Franchise Group

Leasehold Interest Australasia's Largest Apartment Hotel Franchise Group

$2,500,000Sold

An outstanding opportunity to secure the leasehold interest Quest Wollongong a 42 self-contained one and two bedroom serviced apartment complex. Apartments feature fully equipped kitchen, spacious living/dining area, bathroom (two bedroom apartments contain two bathrooms), private laundry facilities and separate work desk. Quest Wollongong is without doubt, a market leader in the Wollongong region. On the back of trading with strong Quest Brand Awareness and a solid client base, the business is one of a handful of 4 star properties in the region.

Key Features

  • Solid history of growth in occupancy, room rate and income
  • Member of Australasia’s largest apartment hotel franchise group
  • 42 x 4 star apartments comprising 21 one bedroom and 21 two bedroom apartments
  • Extra facilities including conference room, complimentary Wi Fi and secure on-site car parking
  • Recently refurbished with no refurbishment costs for purchaser in the near future
  • 23 year easehold tenure from June 2017
  • Market rent

 

 

NB: Property inspections are by appointment only

Key Details

Listing Ref: LH005050
Property Type: Apartment Hotels
Region: NSW - South Coast
Suburb: Wollongong
Sale Type: Leasehold
Net Profit: $581,604
Price: $2,500,000

Listing Agent(s)

Agent Feedback

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

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