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FIRST-RATE QUEST LEASEHOLD OPPORTUNITY IN THRIVING NOWRA | Resort Brokers ID : LH008422
$6,000,000
Hotel hospitality, Nowra NSW
ResortBrokers presents an exclusive opportunity to acquire the Leasehold business of Quest Nowra located within 2 hours of Sydney. Nowra has a vibrant and expanding retail and commercial centre, with all the services you would expect to find in a larger town while still retaining that wonderful feeling of country hospitality.
This incredible business offers the opportunity to be a part of Quest Apartment Hotels, one of the largest and proven franchise accommodation brands in Australia.
A long-term lease in place until 2030 (6 years remaining plus 3 x 5-year options) provides the incoming owner with long-term stability.
Comprising 44 apartments, opening to 81 keys, 45 secure car spaces and 7 additional spaces allocated to the Retail Tenancy on site, this 4-storey rise apartment hotel with ground floor reception facilities, including two office spaces also has conference facilities with connected kitchen and storage space which broadens its appeal to the business market.
Astute buyers looking to acquire an exceptional business within the Quest network should be quick to consider this lucrative and highly desirable accommodation opportunity!
- Exceptional 4.5-star property 2 hours from Sydney
- Operated under theQuestbrand offering substantial support systems
- Versatile accommodation catering to both short and long-term stays
- 44 fully self-contained one and two-bedroom apartments, 81 keys
- Conference room, laundry, gym, alfresco& BBQ area, onsite parking
- Property inspections are by appointment only
Date updated: 09 Dec 2024 22:00:02
More Information
- Total Purchase Price: $6,000,000
- Net Income: $ 1,441,612
(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?