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Sold on 20 Feb 2018

53 Railway Street Griffith NSW 2680

  • Hotel, Motel, Pub & Leisure
  • 3,393 m²
  • Sold

QUEST GRIFFITH FREEHOLD INVESTMENT

  • 4.5 star newly constructed Quest Hotel
  • Strong and secure long term lease
  • Strong regional hub, limited competition

CBRE Hotels are delighted to present for sale the Quest Griffith - an exceptional opportunity to acquire a newly constructed freehold investment property with a strong long-term lease covenant to a secure, quality tenant.

Investment highlights include:
- 4.5 star newly constructed quality Quest Apartment Hotel (opened November 2016) with limited capex requirements in the short to medium term.
- 40 self-contained apartments / 68 keys with fully equipped kitchens and lounge/dining areas.
- Underwritten by strong and secure long term lease until 2031 + 3 x 5 year options (to 2046).
- rent of $1.12m* per annum subject to 4% fixed increases.
- 3,393sqm* freehold site in a prime location in the centre of Griffith.
- Limited contemporary serviced apartment competition in Griffith.
- Facilities include conference and meeting space, gymnasium and on-site parking.
- Operated under the Quest brand, the leading serviced apartment hotel operator in the Asia Pacific region.

FOR SALE BY EOI CLOSING 7 DECEMBER 2017 AT 3PM AEDT

Property Highlights

Property ID2013986067
Date Sold20 Feb 2018
Floor Area3,393 m²
Land Area3,393 m²
ParkingOn site parking available
Building TypeWhole building
Category
Last updated  12 Jan 2021
Map for 53 Railway Street Griffith NSW 2680
Map for 53 Railway Street Griffith NSW 268053 Railway Street Griffith NSW 2680
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  • Purchase price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

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Property Highlights

Property ID2013986067
Date Sold20 Feb 2018
Floor Area3,393 m²
Land Area3,393 m²
ParkingOn site parking available
Building TypeWhole building
Category
Last updated  12 Jan 2021
CBRE Hotels
Level 21 363 George Street Sydney NSW 2000

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