Bundoora, Victoria

Premium Quest Franchise in Melbourne's Northern Growth Corridor | Resort Brokers ID : LH009304

$7,950,000

Business Description

Presenting as an exceptional opportunity for a new owner to acquire a business with equal amounts of stability and opportunity - Quest Bundoora is one of Melbourne's highest-performing serviced apartment businesses, combining proven financial performance, long-term security and genuine growth potential

Backed by Australia's leading serviced apartment brand, the business has built an outstanding reputation through exceptional guest service, strong corporate relationships and consistent trading performance. A secure long-term lease, recent FF&E upgrades and established customer base provide the foundations for immediate returns, while the property's unique accommodation mix and expanding catchment create exciting upside for the future.

A unique offering of townhouse accommodation further differentiates the business from its competitors, providing an opportunity to expand inventory and capitalise on growing demand from the long-stay corporate and insurance accommodation sectors.

Located within one of Melbourne's fastest-growing population and employment corridors, Quest Bundoora is ideally positioned to benefit from significant public and private investment, ensuring continued demand well into the future.

- Prime Melbourne northern suburbs location with immediate access to the M80 Ring Road;
- Walking distance to University Hill's retail, dining and commercial precinct;
- Unique townhouse accommodation with future expansion potential;
- Strong repeat corporate clientele delivering consistent occupancy and room rate growth;
- FF&E refurbishment completed in 2023 with ongoing capital improvements; and
- 79 keys comprising a mix of studio, 1, 2 and 3 bedroom apartments and townhouses;
- Secure lease with 31 years remaining (including options)
- Inspections by appointment only
Date updated: 04 Oct 2026 23:00:12