QUEST IPSWICH/57-63 Warwick Road Ipswich QLD 4305

Vendor's instructions are to sell!

CBRE Hotels is pleased to present for sale the freehold interest in Quest Ipswich, a high-quality serviced apartment hotel secured by a long-term lease to a strong tenant.

Investment Highlights:
- Secure, inflation-hedged investment generating a net rent of $1.17 million per annum, with annual increases tied to the greater of CPI or 2% (capped at 4%).
- A 4.0-star hotel featuring 32 self-contained apartments (64 keys), consistently achieving superior ADR in a market with limited competition.
- Large 4,556sqm freehold site located in the strong Ipswich growth corridor
- $1.2 million refurbishment scheduled for completion by July 2025, upgrading all rooms with new bathrooms and kitchens.
- Fully leased to a Quest franchisee through to 2054, secured by a Step-in Deed from Quest, one of the world's leading international hotel groups.
- Situated within Queensland's fastest-growing LGA, with the Ipswich population projected to reach 560,000 by 2041 a 170% increase driving long-term accommodation demand.
- Strong economic fundamentals with a GRP of $13.7 billion in 2022/23, forecasted to exceed $18 billion by 2027, supported by major public and private sector investments.
- Positioned to benefit from Ipswich's role in the 2032 Olympics, which will drive significant infrastructure investment, tourism growth, and increased accommodation demand.

For more detailed information regarding the property or to organise an inspection, please contact the exclusive agents.