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North Sydney Quest hotel building for sale – North Sydney Sun

North Sydney Quest hotel building for sale

Savills has listed for exclusive sale the 4.5-star Quest apartment hotel located in North Sydney.

The property comprises a recently completed apartment hotel contained in one stratum lot and set within a mixed-use hotel and residential apartment development. Quest leases the premises.
The hotel features 83 studios and 17 one-bedroom apartments over five levels, reception and lobby, conference room, gymnasium, sauna and steam rooms and three basement car parks.

Also included is a café on ground floor – servicing not only hotel guests but those corporates working in surrounding office towers – with a total internal area of 220sqm and access to the outdoor area with Council approval for up to 140 patrons.

The premises is fully leased with the hotel secured by a lease with thirteen-year lease remaining and operating under the Quest Apartment Hotels brand, one of Australia’s largest serviced apartment operators. The lease has annual fixed base rent increases with market reviews each five years plus turnover rent provisions.

This property at 223 Miller Street, North Sydney is listed for sale by Nick Lower, Max Cooper and Selin Ince of Savills Australia and New Zealand.

Expressions of interest close 8th of December at 11am (AEDT).