Hotel For Sale – Quest Dubbo
Savills Australia & New Zealand are delighted to market for sale Quest Dubbo, located in New South Wales, Australia.
The asset, located at 22 Bultje Street in Dubbo represents a long-term investment opportunity with the hotel operating under a secure lease until 2048, with the total net passing income for both the Hotel and ground floor retail tenant ‘Kan Sushi’ being $1,453,101.
The 4.5-star hotel is situated on a 2,029sq m site strategically positioned within Dubbo’s main commercial areas, just 10 minutes from the Dubbo City regional airport and within proximity to a variety of essential services like Dubbo Base Hospital, educational institutions such as Charles Sturt University and public attractions including Old Dubbo Goal and Taronga Western Plains Zoo.
Boasting 65 keys of varying room configurations, the hotel also includes a modern and spacious ground floor lobby / reception area, a gymnasium and fully equipped conference room, guest laundry and housekeeping storage space as well as a ground level sealed and secured car parking space for 45 vehicles.
Nick Lower, State Director Hotels at Savills said, “With a price guide upwards of $20,000,000, the Quest Hotel is an unparalleled opportunity to own the only 4.5-star hotel in one of New South Wales’ busiest regional hubs.
“Known as a tourism and cultural destination, Dubbo boasts strong tourist numbers recording almost half a million domestic overnight.”
Selin Ince, Senior Executive at Savills added, “This is an opportunity for a savvy investor to acquire the number one accommodation option in the Dubbo city. With a secure lease until 2048, this is an opportunity not to be missed.”