A million dollars a year in marine paradise

by Grantlee Kieza 27th of October, 2021

A million dollars a year in marine paradise
Quest Bunbury

Beautiful Bunbury, a two-hour drive south of Perth, is renowned for its bottlenose dolphins which sometimes greet visitors along its superb shoreline.

It is the gateway to Australia's magnificent South West - a region of great biodiversity, world-class wines, pristine white-sand beaches and forests of giant timber all within a short drive.

Bunbury is also home to a Quest apartment complex that is offering more than $1 million profit a year for its new operators.

Marketing agent Blair Macdonald from ResortBrokers said Quest Bunbury was “an immensely profitable” property offering 52 units and an average occupancy rate of more than 80 per cent for the last five years. It recorded a net profit of $1,172,302  for the last year.

Quest Bunbury
Quest Bunbury Complex

 

“Bunbury is a beautiful area with a mix of industrial complexes, farming, tourism and mining and that is great for a property catering to both corporate travellers and holiday makers,” Mr Macdonald said. 

 “It is the largest regional city in WA, it services the Margaret River region and the Quest Bunbury is a real powerhouse in the accommodation sector, making more than $1 million a year.”

The  leasehold is on offer for $3,950,000 and is on the market for the first time in 13 years. 

Quest Bunbury
Quest Bunbury Accommodation

 

“The business is easy to run,” Mr Macdonald said. “There are receptionists and night managers in place and the property is backed by the successful Quest franchise model.”

He said the business would suit both first-time operators and those experienced in the accommodation business who were looking to partner with the prestigious Quest brand.

“It is a modern strata titled apartment complex comprising 52 keys and there are 23 years remaining on lease terms including options. There are also long-standing relationships with key corporate clients.”

Quest Bunbury
Quest Bunbury's Pool

 

Mr Macdonald said Quest Bunbury was in an “exceptional location” close to Bunbury’s city centre with easy access to its surrounding attractions and infrastructure and just a 200m walk to the Koombana Bay/ Bunbury Harbour foreshore.

The blue waters of the area are less than two hours from Perth, though some visitors prefer the regular and much faster charter flights from Perth or the many cruise operators.

The Dolphin Discovery Centre, on the shores of Koombana Bay, is one of Bunbury’s leading attractions. Visitors standing knee-deep in the shallows are often able to interact with some of the more than 100 bottlenose dolphins who frolic in Bunbury’s calm waters. 

The city also boasts three internationally-renowned golf courses and world-class wildlife parks.

The nearby Ferguson Valley is a slice of heaven for food and wine lovers with award-winning wineries, superb fresh produce, local crafts, stunning spring wildflowers, pristine meandering waterways and enchanting historic country towns.

Bunbury also has all the big city offerings with its “cappuccino strip”, waterfront restaurants and its sparkling Entertainment Centre, with the city hosting big crowds to see renowned performers in opera, drama and comedy.

And they all need somewhere nice to stay.

Find the business listing details HERE.

Find more Accommodation For Sale HERE.

Find the latest industry news HERE


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