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18 The Boulevard Palmerston City NT 0830

  • Hotel, Motel, Pub & Leisure
  • 8,276 m²
  • Expressions of Interest

Quest Palmerston

  • Fully Leased Investment
  • Superior Product in Palmerston
  • Limited Competition

Fully Leased Investment

-A rare fully leased 4.0 star hotel offering, with options extending to 2044.
-Passing Base Rent as of September 2021, is $1,467,270 per annum with 2.75% annual reviews.
-Passing Net Income (exc. Turnover rent) of $1,404,593 per annum.

Superior Product in Palmerston

-Freehold interest comprising 9-level, 84 key serviced apartment hotel with associated facilities.
-Quest Palmerston is highly regarded as one of the premier accommodation offerings in the city.

Location

Located on a large 1,860sqm freehold site in a prime location in the business commercial hub of Palmerston an established business travel destination. Palmerston City enjoys a diverse demand base including business, industrial and leisure demand.

Palmerston City is the largest secondary commercial hub in the Northern Territory and one of the fastest growing regions of not only the NT, but Australia.

Quest Branding

Operated under the Quest brand, the leading serviced apartment hotel operator in the Asia Pacific region and underwritten by a strong and secure long-term lease to Quest.

Limited Competition

The Quest Palmerston enjoys limited contemporary serviced apartment competition in growing Palmerston, a market typified by caravan parks and 3 star motels. This allows Quest Palmerston to capture considerable market share in an area drawing from diverse demand drivers.

EXPRESSION OF INTEREST

Closing date and time28/10/2021 16:00
Recipient nameAsk Agent
Delivery addressAsk Agent
Andrew Jackson
HTL Property
Andrew Jackson
HTL Property

Property Highlights

Property ID2017293477
Floor Area8,276 m²
Land Area1,860 m²
Parking61 x Onsite parkings
Annual ReturnAsk Agent
AvailabilityAsk Agent
Category
Last updated  6 Oct 2021
Map for 18 The Boulevard Palmerston City NT 0830
Map for 18 The Boulevard Palmerston City NT 083018 The Boulevard Palmerston City NT 0830
Andrew Jackson
HTL Property
Andrew Jackson
HTL Property

Property Highlights

Property ID2017293477
Floor Area8,276 m²
Land Area1,860 m²
Parking61 x Onsite parkings
Annual ReturnAsk Agent
AvailabilityAsk Agent
Category
Last updated  6 Oct 2021
HTL Property
Level 3/319 George St Sydney NSW 2000
Andrew Jackson
HTL Property
Andrew Jackson
HTL Property
Andrew Jackson

Andrew Jackson

HTL Property

0405 *** ***
0405 355 972

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