53 Railway Street Griffith NSW 2680
- Hotel, Motel, Pub & Leisure
- 3,393 m²
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
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