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Fully Refurbished Melbourne Quest Leasehold Priced In Bundoora For Sale

Bundoora, Victoria, Australia
Asking Price:
$5,889,000 (AUD)
Sales Revenue:
$1,471,777 (AUD)
Cash Flow:
$5,296,536 (AUD)

The immensely profitable, award-winning, 4.5-star Quest Bundoora, only 20km from Melbourne Tullamarine Airport is being sold with fully completed landlord capital works and new FFE.

Offered with a long 30-year lease and a revised six per cent rent reduction, this incredible property is not only priced to sell, the incoming operator has the advantage of all the hard work having already been undertaken.

Showing a net profit of $1,471,777 this is a prime investment for the astute buyer looking to enter the premium Melbourne market under the quality, prestigious Quest brand.

• Exceptional Melbourne 4.5-star property in prime location
• Operated under the prestigious Quest Apartment Hotels brand
• Long-standing relationship with key corporate clients
• Recently revised six per cent rent reduction
• Long tenure of 30 years
• 71 serviced apartments + five separate townhouses
• Ample upside in revenue with enhanced projected figures
• Property inspections are by appointment only

Property Information

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