Tamworth, New South Wales

OUTSTANDING QUEST LEASEHOLD, MIDWAY BETWEEN BRISBANE AND SYDNEY | Resort Brokers ID : LH008276

$2,850,000

Business Description

ResortBrokers presents an exclusive opportunity to acquire Quest Tamworth, a 40-key serviced apartment building in the heart of Tamworth.

Part of the renowned Quest Apartment Hotel franchise, this 4-star establishment offers a variety of one, two, and three-bedroom apartments, all nearing completion of kitchen refurbishments. With renewed leases offering 35 years' tenure, this investment provides long-term security.

Ideally located just 1.8 kilometres from the city centre and 10 kilometres from the airport, and with high demand for accommodation in Tamworth, This is a prime investment opportunity.

- FY23 operating profit of $766,440
- Largest apartment block in Tamworth
- 40-key serviced apartment building
- Part of the renowned Quest Apartment Hotel franchise
- Owners' accommodation - 2-bedroom, 2-bathroom apartment
- Apartments all nearing completion of kitchen refurbishments
- Amenities - 45 parking spaces, reception, conference room, outdoor pool and barbecue area
- Versatile accommodation catering to both short and long-term stays
- High demand for accommodation, rental properties scarce in Tamworth
- Inspection by appointment only
Date updated: 09 Jun 2024 23:00:16

Business Summary

Business Snapshot

Price: $2,850,000 Net Profit: $766,440
Marketing Agent
Jacqueline Featherby
Jacqueline Featherby

Joshua Roberts
Joshua Roberts

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