The passive freehold of Townsville’s only Quest-branded property is being marketed by ResortBrokers Nathan Eades and Glen Cummins via an expressions of interest campaign.
“The freehold of Quest Townsville on Eyre is an outstanding opportunity to own a blue-chip freehold that’s part of Australia’s most successful hotel franchise in a rapidly developing regional city,” says ResortBrokers’ Nathan Eades.
Comprising 85 serviced apartment-style rooms with full-sized kitchen facilities, Quest Townsville on Eyre offers a wide array of room configurations ranging from studios to three-bedroom apartments. Extensive business facilitates, including a spacious conference centre accommodating up to 80 delegates, help to attract corporate trade.
Quest Townsville on Eyre is located in North Ward, Townsville’s most prestigious suburb boasting the highest priced houses and best schools. Located less than 0.5 km from The Strand, the hotel is within walking distance of all of Townsville’s hotspots, including The Ville Resort-Casino.
An operator could provide additional services to the hotel such as room service. The kitchen is of large scale and fully fitted out with commercial equipment, including refrigeration, preparation and cooking facilities back of house.
“We expect a great deal of interest in this offering,” says ResortBrokers’ Managing Director, Trudy Crooks. “Not only is this an exceptional freehold asset but we’re seeing a huge amount of interest in regional accommodation assets as investors chase higher returns than metropolitan areas. We’ve seen a huge influx of new money in regional accommodation in recent times from both small-scale and large-scale investors. Add to this that accommodation assets typically have higher yields overall compared to many other property types.”
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