550 Kiewa Street, Albury, New South Wales

Quest Albury - Freehold Investment

SOLD

Business Description

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.

Business Summary

Marketing Agent

Andrew Jackson

0405 35....

Scott Callow

0418 15....

HTL Property

Key Investment Insights

AI generated. Confirm details with the seller.

1. Fully leased freehold investment, comprising three tenancies anchored by a long‑dated Quest lease with options through to 2048.
2. Quest lease income of $2,250,807 p.a., with contractual 4% annual rent reviews providing built‑in revenue growth.
3. Net income reported at $2,269,473.23 for FY2025, with a forecast increase to $2.76 million by 2030, indicating projected cashflow growth.
4. Headline tenant Quest is the leading serviced apartment hotel operator in the Asia Pacific region, supporting operational stability and brand strength.
5. Two complementary retail tenants, 2640 Restaurant and Bar and Endota luxury wellness spa, diversify income and enhance guest amenity offering.
6. Tenants contribute to outgoings, reducing landlord expense exposure and improving net yield predictability.
7. Central Albury CBD location, positioned as a top accommodation choice in the market, supporting strong occupancy potential and demand capture.
8. Asset delivered to a 4‑star standard with quality guest facilities, all suites refurbished last year with over $2 million spent on new carpets and bathroom renovations.
9. Large freehold landholding of 3,079 m2 underpins long‑term value and future redevelopment optionality.
10. On‑site parking with EV charging stations enhances guest appeal and future‑proofs amenity; potential to strata title accommodation offers a pathway for future sell‑down or capital realisation.