Leasehold of a Quest Apartment Hotel Development in Perth
Leasehold of a Quest Apartment Hotel Development in Perth

Leasehold of a Quest Apartment Hotel Development in Perth

$1,800,000 + EBI

Due for Completion in November 2018, The Quest On Mends business offers a unique opportunity to become associated with Australasia’s most successful apartment hotel franchise system. The business consists of 90 keyed service apartments comprising 54 studio, 29 one bedroom and 27 two bedroom apartments. The Leasehold interest will consist of an initial term of 15 years with 1 further option period of 10 years. An initial rent free period of 90 days will apply. Rent will be increased annually by 3% with a market review after each 5 years. The property is adjacent to the Swan river and 6 minute drive to the Perth CBD. A city ferry service is 100 metres away and the Perth Zoo, the Old Mill and Sir Mitchell park are close by.

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 3 kms from Perth CBD, close to Public Transport and 10 kms from Perth Airport.
  • Currently under construction and due for completion in November, 2018
  • Substantial Franchisor support systems.

  

NB: Property inspections are by appointment only

Key Details

Listing Ref: LH005110
Property Type: Apartment Hotels
Region: WA - Perth
Suburb: South Perth
Sale Type: Leasehold
Price: $1,800,000 + EBI

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

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