Situated at 4 Wellness Way, Springfield Central, this landmark property is nestled within a thriving business, health, and education precinct, offering investors a secure, long-term income stream underpinned by the globally recognised Quest Hotels brand.
Completed in 2018, the modern 4-star apartment hotel comprises 82 high-quality keys and three additional tenancies, spanning a substantial 2,795sqm site. The asset benefits from three long-term leases, ensuring reliable and predictable revenue streams.
Nick Lower, National Director, Hotels at Savills Australia and New Zealand, highlighted the unique opportunity presented by this sale saying, “This is a rare chance to secure a prime hotel asset in Springfield’s commercial precinct. The strength of the Quest brand, coupled with long-term lease security, makes this a highly compelling investment proposition.”
Discussing Springfield Central’s ongoing expansion and resilience, Max Cooper, Director, Hotels at Savills Australia and New Zealand said, “Springfield Central has established itself as a key hub for business, education, and healthcare, driving consistent demand for quality accommodation. This offering provides investors with an opportunity to capitalise on Springfield’s ongoing growth while benefiting from a reliable, long-term income stream.”