ResortBrokers is excited to exclusively present to the market an exceptional opportunity to own the freehold investment of the only Quest-branded property in Townsville, Quest Townsville on Eyre.
Boasting a current yearly gross rent of $1,462,930 + GST, the rent will increase by 4% in April 2024 in line with the lease agreement. Quest Townsville on Eyre presents an outstanding opening to own the freehold passive of a blue-chip accommodation asset ready to capitalise on Townsville’s ever-growing appeal as a tourist and business destination.
With a blue chip tenant in the form of Quest, the incoming owner will have the security of having Australia’s leading apartment hotel brand as a competent operator managing a fully staffed and experienced team. The franchisee has a long term lease in place extending to 2042.
Notably, the property will have all major items required to be refurbished on behalf of the landlord completed before settlement or funds held in trust if these works cannot be completed due to the very high occupancy the property has been experiencing.
