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
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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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