Listing Ref: 784

Property Name: Quest Newmarket
Address: 31-39 Davis Crescent, Auckland
Property Type: Franchise Accommodation
Sale Type: Business
Price: $2,300,000
Region: Auckland

Quest Serviced Apartments is Australasia’s largest and most successful serviced apartment operator with over 110 properties in Australia, New Zealand and Fiji.

Established more than 20 years ago, Quest now provides approximately 5,500 apartments every night generating gross accommodation incomes of approximately AUD180 million per annum.

Features

First time on the market, Quest Newmarket is an opportunity to purchase into this rewarding and successful franchise and business. This flagship property has location, profile, consistent sales, been an award winner many times and can be yours to own and operate.

Set back from the busy Newmarket Khyber Pass junction, the property is visible through the newly redesigned walking precinct, yet is walking distance to the greater Newmarket retail precinct.

With a total of 50 studio, one, two and three bed roomed apartments finished to high specifications, this complex enjoys repeat business from both domestic and international leisure clients, with corporate business being the main thrust.

Superb location, great guest section of serviced apartments, consistent sales and excellent occupancy – this is a serious investment worthy of review. 

Quest Funding & gearing ratio’s indicator

The maximum debt that Quest will allow to be secured against the franchise will be 2 x the proven ebitow, based upon an average over the previous 24 months prior to the sale.

Quest has arranged an introduction with Westpac bank for finance per the funding criteria, each case treated individually on its merits.

Purchasers are invited to contact the vendor’s sole agent to discuss the business, and, Quest Franchise.

Contact

For more information please contact the vendors sole agent Lindsay Sandes 021 895 940 lindsay@resortbrokers.co.nz

www.questnewmarket.co.nz