Quest Sale, 180-182 York Street,
Sale, VIC 3850
Hotel, Motel & Leisure
Price information
Sale
$11,500,000
Key property information
Land area
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$862,632
Private inspections
to arrange a private inspection.
Map of Quest Sale, 180-182 York Street
Train stations within 5 km of Quest Sale, 180-182 York Street, Sale, VIC 3850 Distance Sale Station 1.3 km POWERED BY HERE ©Bus stops within 5 km of Quest Sale, 180-182 York Street, Sale, VIC 3850 Distance Cunninghame St/York St (Sale) 36 m Marley St/MacArthur St (Sale) 252 m MacArthur St/Raymond St (Sale) 310 m Sale College/82 Macallister St (Sale) 331 m Gippsland Shopping Centre/Cunninghame St (Sale) 433 m POWERED BY HERE ©
POWERED BY HERE ©
Leverage Gippsland’s powerhouse growth with a rock-solid apartment hotel investment
- High annual net rent of over $862,000
- Long-term lease until 2047
- Passive investment hotel, 7.8% ROI
Exclusive to ResortBrokers, this well-established, high-performing
53-key hotel is located in the strategic town of Sale.
Sale is a major service hub of Gippsland. Corporate travellers use Sale as a
base when they visit the region.
This superb freehold passive investment enjoys the benefit of that visitation.
With an annual rent of more than $862,000 from a lease that guarantees
rental increase of 3% p.a., this investment enjoys a return of 8% p.a. that is growing year-on-year.
Underpinning this investment is strong occupancy from corporates and contractors in the defence, energy and agricultural sectors in this powerhouse
region that is experiencing a significant level of public and private investment.
Gippsland is outperforming regional Victoria. Occupancy is up 3.2% and
RevPAR is up 3.5% on last year, compared to regional Victoria at -1.8%
occupancy and -1.7% RevPAR.
53-key hotel is located in the strategic town of Sale.
Sale is a major service hub of Gippsland. Corporate travellers use Sale as a
base when they visit the region.
This superb freehold passive investment enjoys the benefit of that visitation.
With an annual rent of more than $862,000 from a lease that guarantees
rental increase of 3% p.a., this investment enjoys a return of 8% p.a. that is growing year-on-year.
Underpinning this investment is strong occupancy from corporates and contractors in the defence, energy and agricultural sectors in this powerhouse
region that is experiencing a significant level of public and private investment.
Gippsland is outperforming regional Victoria. Occupancy is up 3.2% and
RevPAR is up 3.5% on last year, compared to regional Victoria at -1.8%
occupancy and -1.7% RevPAR.
Property ID: 504592352Last Updated: 11 Nov 2024
Quest Sale, 180-182 York Street
Sale, VIC 3850
Resort Brokers Australia - South Brisbane362 Montague Road
WEST END, QLD 4101
WEST END, QLD 4101
ResortBrokers - WEST ENDPO BOX 5004
WEST END, QLD 4101
WEST END, QLD 4101
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