Rare Freehold Investment Opportunityâ blue chip tenant and security of tenure | Resort Brokers ID : INV007987
$18,000,000
Hotel hospitality, Palmerston NT
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: 21 Apr 2024 23:00:05
More Information
- Total Purchase Price: $18,000,000
- Net Income: $ 0
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This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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The value of on-title property included with the business. Its price is included in the Total Purchase Price.
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