Hotel Investment- Reknown brand within business park
Description
Acquired for syndication – Leased to Quest Hotels
This trust closed to investors in February 2015
These property was acquired to provide investors with reliable income & growth over the term of each of the investments. Wholesale-Investors were able to access the investment for mulitples of $50,000 each.
The property, built specifically for Quest Appartment Hotels, featured 90 keyed apartments for short ter serviced appartment accomodation.
The stie area was 3223sqm, gross building area, 4666sqm and a WALE of 14.5 years and a rental of $1.7M approx and a purchase price of $11.6M.
Commenting on the sale, Robert Stanley-Turner from Box Commercial Estate Agents said, ‘BTP is close to the Gateway Motorway, which leads to the airport, and the Pacific Motorway that runs from the Gold Coast to Brisbane. This part of Queensland is a booming population centre and BTP boasts tenants like Siemens, Johnson & Johnson and Transurban.’
Melbourne-based Box Commercial consults to property syndicators across Australia, monitors sales and trends in group investments and refers individual investors to investor groups.
Disclaimer:
All areas and figures are approximate only. All reasonable steps have been taken to ensure the accuracy of this information and this does not constitute any representation by us as agent and should be considered a guide only.
