Added 2 days ago
Ramada Suites by Wyndham Zen Quarter Darwin, 6 Carey Street,
Darwin City, NT 0800
Hotel, Motel & Leisure • Shops & Retail
Added 2 days ago
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Sale - Expression of Interest
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Savills - Sydney CBD
Level 25, 1 Farrer PlaceSYDNEY, NSW 2000
Ramada Suites by Wyndham Zen Quarter Darwin, 6 Carey Street
Darwin City, NT 0800
Map of Ramada Suites by Wyndham Zen Quarter Darwin, 6 Carey Street
Bus stops within 5 km of Ramada Suites by Wyndham Zen Quarter Darwin, 6 Carey Street, Darwin City, NT 0800 Distance Frances Bay Drive 146 m Convention Centre 630 m Woolworths 636 m Dinah Beach Road 695 m Crowne Plaza 718 m POWERED BY HERE ©
POWERED BY HERE ©
Premier Hotel Apartment & Management Offering – Darwin City Centre
- Modern Hotel Apartment Complex
- Potential to re-brand operation in 2025
- Zen Quarter Management to August 2039
Savills has been exclusively appointed to present the Ramada Suites by Wyndham Zen Quarter Darwin to the market for sale. This property is currently rated as Darwin’s leading hotel according to TripAdvisor. It has an excellent location at the edge of the city centre with easy access to various tourist attractions and accommodation demand drivers including the Waterfront Entertainment Precinct, Darwin Convention Centre and new Charles Darwin University city campus.
The opportunity comprises three key components:
• Zen Quarter Management, which includes the management letting rights (MLR) of 218 one and two-bedroom apartments which extends until August 2039.
• Freehold strata ownership of 51 one and two-bedroom apartments (54 keys) plus two (2) commercial strata lots.
• Horizen Café and Rooftop Lounge freehold “going concern” business within an owned strata lot.
Investment Highlights:
• Modern hotel apartment complex situated at the edge of Darwin’s city centre
• Leading hotel with strong trading track-record and high yielding asset
• Potential to re-brand operation after expiry of Ramada franchise in June 2025
• Long-term Letting and Caretaking Agreements to August 2039
• Potential to acquire further apartments or divest real estate
• Diversified client base and income with short and long-term lettings
The property is for sale by way of Expressions of Interest closing Friday 16th of August 2024 at 11am (AEST).
For further information on this exceptional offering, or to arrange and inspection please do not hesitate to contact the exclusive sales agents.
The opportunity comprises three key components:
• Zen Quarter Management, which includes the management letting rights (MLR) of 218 one and two-bedroom apartments which extends until August 2039.
• Freehold strata ownership of 51 one and two-bedroom apartments (54 keys) plus two (2) commercial strata lots.
• Horizen Café and Rooftop Lounge freehold “going concern” business within an owned strata lot.
Investment Highlights:
• Modern hotel apartment complex situated at the edge of Darwin’s city centre
• Leading hotel with strong trading track-record and high yielding asset
• Potential to re-brand operation after expiry of Ramada franchise in June 2025
• Long-term Letting and Caretaking Agreements to August 2039
• Potential to acquire further apartments or divest real estate
• Diversified client base and income with short and long-term lettings
The property is for sale by way of Expressions of Interest closing Friday 16th of August 2024 at 11am (AEST).
For further information on this exceptional offering, or to arrange and inspection please do not hesitate to contact the exclusive sales agents.
Property ID: 504630368Last Updated: 3 Jul 2024
Savills - Sydney CBDLevel 25, 1 Farrer Place
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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