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DOUBLE THE OPPORTUNITY - 2 INNER-MELBOURNE QUESTS, A STONEâS THROW FROM THE MCG | Resort Brokers ID : LH009012
$2,150,000
Hotel hospitality, EAST MELBOURNE VIC
An exceptional chance to secure two solidly performing Quest apartment hotels in one of Melbournes most sought-after city-fringe locations, just steps from the MCG and the wider Sports and Entertainment Precinct.
The 20-key Quest Jolimont and 40-key Quest East Melbourne are just 900 metres apart along Wellington Parade, benefiting from consistent demand driven by major sporting events, nearby hospitals such as Epworth Richmond and the broader CBD market. Together, the 60-key portfolio offers operational scale, streamlined management, and the efficiency of cross-trained teams, all under the banner of Australias most dependable apartment hotel brand.
Backed by Quest Apartment Hotels proven franchise model, this is a rare opportunity to acquire a duo of high-quality hotels with a strong trading history in the tightly held Melbourne city-fringe market.
- Prime CBD fringe position in East Melbourne
- Directly adjacent to the MCG, Rod Laver Arena, AAMI Park, and FederationSquare
- Cross-trained staff provide seamless coverage across both properties
- Properties are only 900 metre apart, enabling easy management
- Schedule 2026 refurbishment of Quest Jolimont bathrooms and kitchens
- Recent rent reductions secured at last market review
- Quiet, peaceful environment despite central location
- Inspection by appointment only
Date updated: 03 Dec 2025 22:00:02
More Information
- Total Purchase Price: $2,150,000
- Net Income: $ 511,520
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
This is the approximate number of years the business' revenue would pay for the business component.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Are there any set office hours stipulated in the contract?
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?