Palmerston, Northern Territory

Rare Freehold Investment Opportunity – blue chip tenant and security of tenure | Resort Brokers ID : INV007987

$20,000,000

Business Description

ResortBrokers is thrilled to exclusively offer a unique and rare opportunity to acquire the freehold ownership rights of the sole Quest-branded property in Darwin.

The Quest Palmerston, with an annual rental income of just under $1.6 million, presents an exceptional investment opportunity to possess the freehold interest in a highly stable accommodation asset located in Australia's northernmost capital city, which serves as a gateway to both the Top End and Asia.

The property has a top-tier tenant in the form of Quest Apartment Hotels' parent company coupled with over 21 years remaining on the lease, the investor has the benefit of both a strong tenant and security of a long tenure.

Astute investors should be quick to consider this exceptional freehold passive investment.




  • Freehold passive investment of Darwin’s only Quest branded property

  • Tenant is Quest parent company - Australia’s leading apartment hotel brand

  • Current rent $1,591,679 with approx. $60k in outgoings

  • 84 keys from studios to three-bedroom apartments

  • Central Palmerston location, only 20 minutes’ drive to Darwin’s CBD

  • Darwin’s appeal as gateway to the Top End and Australia’s closest capital city to Asia

  • Property inspections by appointment only


Date updated: 30 Oct 2023 22:00:03

Business Summary

Marketing Agent
Kelli Crouch, 312872 RLA
Kelli Crouch, 312872 RLA

Listing location

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Hotels For Sale

You may also like

Streaky Bay Islands Caravan Park
Substantial CBD investment
Exclusive - NO REQUIREMENT to Live Onsite & Extra Rental Income – ID 9129
Majestic Ocean Views - ID 8423
AN OUTBACK MOTEL AND CARAVAN PARK OASIS WITH SOLID RETURNS - 1437ML
Exclusive - Navigate Towards Success in Hervey Bay- ID 9127
NOP $315K BUSINESS-ONLY MLR PORTFOLIO WITH NO COMMON FACILITIES | Resort Brokers ID : MRB008205
Outrigger: Where Hospitality Meets Profitable Waves, Surging with Over $377k in Net Profit!
Ill Health Requires Sale - Performing Very Well
Unlock Robina's Location: Net Profits over $141,000 in a Vibrant Business Hub!
Money Maker Holiday Park Close to Town Centre
Retiring Seller - Owner Must Sell!
Prime Business Only Fortitude Valley Management Rights: Lucrative Opportunity Awaits! 🌟
POPULAR REGIONAL MOTEL LEASEHOLD - 1642ML
$511K Net, No Pool, No Garden – ID 9134
EXCEPTIONAL LIFESTYLE WITH A SIMPLE COMMUNITY BASED COUNTRY PUB IN THE MIDDLE OF TOWN - 52HF
Terminus Hotel
Brassall Retirement Village. very low multiplier