Proudly supported by all of the industry's leading brokers
Outstanding Quest Leasehold in thriving Ballarat | Resort Brokers ID : LH008427
$6,950,000
Hotel hospitality, SOLDIERS HILL VIC
Exceptional opportunity to join one of the largest and proven franchise accommodation brands in Australia in one of Victoria's most highly regarded and sought-after regions.
ResortBrokers presents an exclusive opportunity to acquire the Leasehold business of Quest Ballarat Station, located within 90 minutes of Melbourne.
Quest Ballarat Station is the premier hotel asset in Ballarat, boasting 77 beautifully presented rooms and 47 secure carparks. The business is highly profitable and continues to grow year on year in both revenue and profitability, since opening in 2020.
A long-term lease in place until 2035 (11 years remaining plus 3 x 5-year options to 2050) provides the incoming owner with long-term stability.
Closely situated to the CBD, Quest Ballarat Station also sits on the doorstep of some of Victoria's premier secondary schools and universities and is the gateway to the Western district. The property also sits directly next door to the Ballarat Goods Shed, a premium hospitality venue for exhibitions and weddings alike.
With the support of Quest HQ to further enhance your growth potential and providing ongoing training throughout, this opportunity to secure a premier Quest is one not to be missed.
- Opened in 2020 and in near new condition
- 77-key property with no capital to spend
- Year-On-Year growth
- Strong revenue and profit
- Highly desirable central Ballarat location
- Guest lounge, laundry, gym, onsite parking
- Long lease to 2050, with capped rental increase
- Property inspections are by appointment only
Date updated: 20 Dec 2024 22:00:02
More Information
- Total Purchase Price: $6,950,000
- Net Income: $ 1,722,775
(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?