HTL Property is pleased to offer for sale Quest Albury, a freehold investment asset with three leases anchored by an experienced Quest Lessee with options out to 2048. Two retail tenants, 2640 Restaurant and Bar and Endota luxury wellness spa, complete a formidable investment opportunity.
• Fully leased investment; secured by leases to proven operators with built-in revenue growth.
• Headlined by a current Quest lease income currently paying $2,250,807 p.a. lease with 4% annual reviews and options out to 2048.
• Quest is the leading serviced apartment hotel operator in the Asia Pacific region.
• Net Income of $2,269,473.23 for the 2025 Financial Year, forecast to be $2.76 million by 2030.
• All tenants pay a portion of outgoings.
• Top accommodation choice in Albury.
• Central Albury CBD position.
• 4 star standard with quality guest facilities.
• Large freehold landholding of 3,079m2 underpins long-term value.
• On-site parking with EV charging stations.
• All suites refurbished last year - over $2m spent on new carpets and full renovation of bathrooms.
• Potential to strata title the accommodation for future sell-down.
1. Fully leased investment with built-in revenue growth potential.
2. Strong anchor tenant in Quest, a leading serviced apartment hotel operator in the Asia Pacific region.
3. Net income of $2,269,473.23 for the 2025 Financial Year, forecast to increase to $2.76 million by 2030.
4. Central Albury CBD location.
5. 4 star standard with quality guest facilities.
6. Large freehold landholding of 3,079m2.
7. On-site parking with EV charging stations.
8. All suites refurbished last year with over $2 million spent on renovations.
9. Potential to strata title the accommodation for future sell-down.
10. Two additional retail tenants, 2640 Restaurant and Bar and Endota luxury wellness spa, provide additional income streams.
11. All tenants responsible for a portion of outgoings.
12. Top accommodation choice in Albury.
13. Long-term lease options out to 2048 with annual reviews.
14. Located in a high-demand area with potential for continued growth in the hospitality industry.
15. Proven operators with strong track records.
16. Potential for future capital appreciation.
17. Strong market demand for serviced apartment hotels in the region.
