2 minute read CBRE Hotels
A duo of Quest-branded hotels in the southeast Queensland areas of Chermside and Ipswich have actually been noted for sale by a personal owner.
CBRE’s Wayne Bunz and Hayley Manvell are handling the sales through an Expression of Interest project, closing23 March 2023.
Quest is the biggest and fastest growing house and hotel operator in the Pacific market.
“Both hotels go through strong and safe and secure long-lasting leases to Quest franchisees, with operations running till 2038 and2049 and rental quantities of circa $ 1.35 million and $ 1.11 million for Chermside and Ipswich respectively,” Mr Bunz stated.
” These sales offer the chance for a financier to obtain 2 substantial lodging grips throughout the southeast, both of which are preferably located among the area’s most quickly broadening development passages.”
Ipswich City lies 40 minutes from Brisbane and is Queensland’s fastest-growing city, with an approximated population of over 150,000 by 2036.
Chermside is a financial and work center in Brisbane’s northern passage and is underpinned by healthcare direct exposure, retail, sporting groups, federal government market and defence force existence.
The just recently remodelled Quest Ipswich is positioned on a 4,556 sqm website and includes 32 self-contained apartment or condos throughout 64 type in studio, one-, 2- and three-bedroom setups. Visitor services in the hotel consist of a conference and meeting room, on-site reception, outside pool, and on-site parking.
Situated on a 1,220 sqm website, Quest Chermside makes up 54 serviced houses with studio and one-bedroom setups, on-site reception, conference and conference centers and undercover parking.
Ms Manvell included, “Freehold lodging homes with a robust covenant profile to long-lasting renters are securely held properties and are hardly ever traded, as such, we anticipate financier interest throughout this project to be strong,”
” South Queensland’s lodging and hotel market is expanding, seeing exceptionally strong trading conditions. With an advancement pipeline and the Olympics simply around the corner, southern and overseas capital sources will continue to want to get quality lodging properties in the area.”
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