Rockingham, Western Australia

94-key Quest Apartment hotel with limited competition IN PERTH SOUTHERN SUBURBS | Resort Brokers ID : LH008264

$2,800,000

Business Description

Be quick to secure this opportunity Quest Rockingham, a modern 7-level, 94-key apartment hotel located in the rapidly growing satellite city of Rockingham. Underpinned by the powerful Quest brand and franchise systems, this opportunity won't last long.

With limited direct competition, Quest Rockingham currently benefits from the significant shipping, refining and defence industries located in close proximity. Additionally, there are several Multibillion-dollar projects (both government and commercial) occurring nearby which will increase demand for Quest Rockingham's corporate accommodation.

The property includes 47 studio rooms, 41 one-bedroom apartments, and six accessible one-bedroom apartments. The ongoing modernisation and refurbishment of the apartments, which are currently being repainted and re-carpeted, further enhances the appeal of this asset.

Quest Rockingham is not just a place to stay; it's a destination. Guests can enjoy a range of facilities including a swimming pool, barbecue area, gym, laundry, lifts, function/conference room, and meeting rooms for the corporate traveller. The property also offers ample off street parking with 47 spaces available.

Demand for these type of properties is high so be quick to express your interest.

- Modern seven-level apartment hotel in Rockingham
- Backed by the robust Quest brand and franchise systems
- Strategically located in a bustling satellite city
- 94-key property offering diverse room configurations
- Continuous modernisation and refurbishment enhancing asset appeal
- Secure investment with a long lease tenure
- Efficiently operating under full management
- Inspection by appointment only
Date updated: 09 Jun 2024 23:00:16

Business Summary

Business Snapshot

Price: $2,800,000 Net Profit: $460,884
Marketing Agent
Blair Macdonald
Blair Macdonald

Listing location
Gallery

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