Quest Newmarket, Auckland

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

Position, Performance, Panache & Significant Capital Growth Opportunity

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. 

Investment Possibilities

Quest Newmarket offers an astute operator the opportunity to build up a strategic capital base. The historical sales and financial results offer comfort that capital invested into this business should result in growth.

The historical returns indicate capital growth rates that far exceed most secure investment vehicles.

Call the vendor's sole agent to discuss investment growth and return on investment for this business.

The current owner is looking to retire.

Quest Funding & Gearing Ratios 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 agent to discuss the business and Quest Franchise.

Rugby World Cup 2011

If there was ever a time to be considering investment - it's now.  85,000 Rugby fans are coming to Auckland.

Quest Newmarket has no shoulder season, consistent cash flow from corporate clients and represents an investor the opportunity to build a superannuation fund.

Contact

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

www.questnewmarket.co.nz

Downloads

Confidentiality Agreement New Quest Newmarket.pdf (225.47 KB)

Resort Brokers Quest Newmarket IM Vii.pdf (204.08 KB)

Franch App Form Quest Oct 2009 _5_ _2_.pdf (708.59 KB)

Keys to your Business Future.pdf (361.43 KB)