The Quest North Sydney presents the opportunity to capitalise on the growing demand for boutique hotel offerings throughout Sydney and the continued transformation of one of Sydney’s most densely populated precincts, North Sydney. This impressive offers the opportunity to either occupy or invest and secure a tightly held offering in a core CBD market.
The subject comprises a recently completed serviced apartment hotel leased to Quest and a ground floor cafe which form part of a mixed-use residential apartment development with a secure Thirteen (13) years remaining on the Lease.
- 4.5 Star apartment hotel strategically located in the core of the North Sydney CBD
- 100 keys (83 studios and 17 one bedroom), reception and lobby, conference/meeting rooms, communal gymnasium, back of house facilities and three basement parking spaces
- Retail tenancy spanning 220sq m*
- Recently developed in mixed-use complex
- Remaining term: 13 years + 4 x five (5) year options
- Secure income with base increasing by 3% pa plus turnover & market rent potential
The Quest North Sydney is being offered for sale via Expressions of Interest closing Friday 2 December 2022 at 11am AEDT.