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OUTSTANDING QUEST LEASEHOLD, MIDWAY BETWEEN BRISBANE AND SYDNEY | Resort Brokers ID : LH008276
$2,850,000
Hotel hospitality, Tamworth NSW
ResortBrokers presents an exclusive opportunity to acquire Quest Tamworth, a 40-key serviced apartment building in the heart of Tamworth.
Part of the renowned Quest Apartment Hotel franchise, this 4-star establishment offers a variety of one, two, and three-bedroom apartments, all nearing completion of kitchen refurbishments. With renewed leases offering 35 years' tenure, this investment provides long-term security.
Ideally located just 1.8 kilometres from the city centre and 10 kilometres from the airport, and with high demand for accommodation in Tamworth, This is a prime investment opportunity.
- FY23 operating profit of $766,440
- Largest apartment block in Tamworth
- 40-key serviced apartment building
- Part of the renowned Quest Apartment Hotel franchise
- Owners' accommodation - 2-bedroom, 2-bathroom apartment
- Apartments all nearing completion of kitchen refurbishments
- Amenities - 45 parking spaces, reception, conference room, outdoor pool and barbecue area
- Versatile accommodation catering to both short and long-term stays
- High demand for accommodation, rental properties scarce in Tamworth
- Inspection by appointment only
Date updated: 19 Jan 2025 22:00:02
More Information
- Total Purchase Price: $2,850,000
- Net Income: $ 766,440
(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?