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15-year lease to 30 Nov 2029 with 5 x 5-year options to 2054
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Net income: $1,171,520 p.a., with annual increases of CPI or 2% (whichever is higher)
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Quest Apartment Hotels: Australasia’s largest and fastest-growing apartment hotel chain (170+ locations)
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Prime 4,556 sqm freehold on Warwick Road with high exposure (11,800+ vehicles/day)
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CMU06 Mixed Use zoning allows flexible future development potential
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$1.2M refurbishment (2025) with new bathrooms/kitchens and strong depreciation benefits
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4-star, 64-key hotel (32 serviced apartments), Ipswich’s leading accommodation provider
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Strategic location: 40 mins SW of Brisbane in QLD’s fastest-growing LGA (pop. forecast: 560,000 by 2041)
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Close to Ipswich CBD, hospitals, university, and RAAF Amberley
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Backed by $15.5B Ipswich economy, with strong investment in health, defence, and education
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Set to benefit from 2032 Olympics with increased tourism and infrastructure investment