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Exceptional 102-key leasehold apartment hotel in Perthâs satellite city | Resort Brokers ID : LH008429
$3,800,000
Hotel hospitality, MIDLAND WA
ResortBrokers is pleased to showcase the Quest Midland, a landmark seven-level apartment hotel in the bustling satellite city of Midland. This opportunity is underpinned by the strength and reliability of the Quest brand and franchise, a name synonymous with quality and consistency in the hospitality industry. The property boasts a versatile 102-key configuration, offering a variety of room options to cater to a diverse range of guest needs and preferences.
With over 28 years of tenure available, this leasehold property presents a long-term investment opportunity in a strategically located area. The Quest Midland is supported by a stable and experienced employee structure, ensuring smooth operations and high-quality service.
ResortBrokers invites you to explore the potential of the Quest Midland, a property that promises a blend of stability, versatility, and strategic location.
- Iconic seven-storey apartment hotel in Midland.
- Backed by the strong and reliable Quest brand and franchise.
- Flexible 102-key property with diverse room configurations.
- Long-term leasehold with over 28 years of tenure remaining.
- Strategically positioned in a thriving satellite city.
- Supported by a stable and seasoned team.
- Inspections strictly by appointment only.
Date updated: 29 Dec 2024 22:00:03
More Information
- Total Purchase Price: $3,800,000
- Net Income: $ 1,203,518
(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?