SECURE A LEASEHOLD IN AN ENVIABLE HIGH-PERFORMING HUGE GROWTH NW SYDNEY LOCATION | Resort Brokers ID : LH007905
$7,300,000
Hotel hospitality, Macquarie Park NSW
ResortBrokers is thrilled to present an exclusive offering, the exceptional business of Quest Macquarie Park.
Situated within one of Sydneys most prominent business park districts, Quest Macquarie Park stands as a key accommodation provider in Sydneys North West. This modern 4.5-star establishment's strategic location is surrounded by office buildings hosting a multitude of global and domestic companies with an enviable growth trajectory also capitalising on strong leisure business. A healthy pipeline of project work to the area drives the assurance of a prosperous future for the business.
A golden opportunity awaits the successful purchaser in the form of a leasehold interest in the 111-key serviced apartment building.Opened in December 2016 and maintained to a high standard, this Quest award-winning property boasts a supportive landlord relationship, strong occupancy and significant operating profit.
Onsite amenities include 63 parking spaces (outdoor and underground), a guest reception area, a gymnasium, a level 4 outdoor BBQ area, a guest laundry and a conference room catering to up to 40 individuals, complete with connecting kitchen facilities.
This investment opportunity encapsulates both corporate and leisure appeal, showcasing a prime location, versatile accommodation offerings and a highly regarded franchise association. As part of the largest serviced apartment provider across the globe, Quest Apartment Hotels offers the business ownership for a hands-on, energetic operator, who will be offered substantial support systems to successfully operate this hotel.
If you would love to be a partof this renowned brand, dont hesitate to get in touch with Jacqueline on or Tim on 0419 038 882 to discuss.
- Premium location in ever growing Macquarie Park business district housing many large global and national companies poised for rapid growth
- Conveniently located within close proximity to major corporate offices, medical facilities, shopping centres and public transport
- Strong relationship with supportive landlord
- Modern facilities and accommodations, opened in December 2016
- 21 years remaining on lease
- Operated under the prestigious and supportive QuestApartment Hotels brand
- Rapid, impressive bounce back post pandemic
- Diverse client base driving amazing 97% occupancy
- Inspections by appointment only
Date updated: 28 Apr 2024 23:00:04
More Information
- Total Purchase Price: $7,300,000
- Net Income: $ 1,958,225
(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?