Joondalup WA 6027

This modern and bright Quest apartment hotel is now being released to the market, having been opened in November 2019 in the northern growth corridor of Perth.

Comprising a 90-key, 6-level apartment hotel specifically built to Quest specifications, this property has rapidly gained market share, despite Covid-19 restrictions, and is now generating revenues above $4,000,000 per annum, and net profits over $540,000.

The 2022 hotel occupancy was above 67% however the business is rapidly outpacing this in the 2023 financial year, with current 2023 occupancy sitting at 88% so the future is looking very bright for this Quest Hotel.

There is a long lease in place for an initial 15-year term, with three further five year options, and is currently in its third year of the initial term. Market rent reviews are staged every five years.

- Newly constructed modern hotel
- Part of the prestigious Quest brand
- Long 27 year lease available
- Excellent location in large satellite city
- Strong growth metrics
- 90 keys with diverse configuration options
- Property inspections are by appointment only