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Leasehold interest of Quest Maitland perched on the Hunter River | Resort Brokers ID : LH008037
$2,800,000
Hotel hospitality, Maitland NSW
ResortBrokers brings to market the leasehold interest of Quest Maitland perched on the Hunter River, the gateway to the world-famous Hunter Valley wine-growing region, making it a popular destination for tourists and wine enthusiasts alike, along with repeat corporate guests.
Leaseholds continue to be in exceptionally high demand right across Australia, especially when they come in the form of Quest, the largest and most successful apartment hotel brand in the country. Don't miss your chance to become part of this successful franchise and reap the benefits of a thriving business in the sought-after Hunter Valley region.
- Part of Quest, the largest apartment hotel franchise group in Australasia.
- Proven track record of consistent growth in occupancy, room rate, and income.
- Comprises 49 apartments, 42 keys, and accessible room options.
- Ground floor features comprehensive reception facilities, including office space.
- Conference room available, accommodating up to 20 guests.
- 4½ star rated apartments, including 5 studios, 35 one-bedroom, and 2 two-bedroom units.
- Facilities include a conference/meeting room, Wi-Fi, and ample on-site car parking.
- Strategically located at the gateway to the renowned Hunter Valley wine-growing region.
- Inspections by booking only
Date updated: 19 Jan 2025 22:00:02
More Information
- Total Purchase Price: $2,800,000
- Net Income: $ 670,047
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
This is the approximate number of years the business' revenue would pay for the business component.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Are there any set office hours stipulated in the contract?
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?