3 The Crescent, Midland, WA, 6056

Colliers and Ray White Commercial are pleased to offer for sale, 3 The Crescent Midland - an exceptional opportunity to acquire an established freehold hotel investment property with a strong long-term lease covenant and supporting office accommodation.

Investment Highlights Include;

• 4.5 star newly constructed quality Quest Apartment Hotel (opened 2018) with limited CAPEX requirements in the short to medium term
• 55 self-contained apartments / 102 keys with fully equipped kitchens and lounge/dining areas
• Facilities include conference and meeting space, gymnasium and on-site parking
• Underwritten by strong and secure long-term lease until 2034 with Corporate guarantees
• Robust income yield with 3% annual increases set to provide strong equity returns
• Well leased commercial offices to Mission Australia and the Minster for Works (WA State Government)
• 3,602sqm* freehold site offering additional future development potential
• Operated under the Quest brand, the leading serviced apartment hotel operator in the Asia Pacific region.

Supported by an exceptional network of roads and rail, Midland is within 10km of Perth Airport and less than 20km from Perth city.

The greater Midland area is also seeing a huge amount of Private, Local and State Government investment in major projects which will attract visitors and workers to the area who will benefit from the accommodation available at the Quest Hotel.

3 The Crescent Midland is offered For Sale via Expressions of Interest campaign, closing Thursday19th October 2022 at 2pm (AWST). 

Remember to mention you found this property on CommercialReady