Investing in a Quest Apartment:
The Peninsula on the Bay investments provide an ideal opportunity for investors seeking new and financially secure serviced apartment purchases, that come with guaranteed returns and strong growth prospects.
In association with the renowned Quest apartment brand, investors can take advantage of the benefits, and significant leverage of partnering with Quest, earning up to 6.5% on investments annually on a 10 year lease. Quest apartments at The Peninsula on the Bay offer investors not only reliable returns, but also fixed annual rental increases. Best of all, as an investor you will receive a rental monthly income regardless of whether your apartment is occupied for one day or 365 days of the year, making Quest apartments the ideal “set and forget” investment.
If you're an investor looking for a modern, sophisticated property, Quest serviced apartments at The Peninsula on the Bay, in Melbourne’s flourishing suburb of Frankston, is the opportunity you’ve been waiting for.
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What are Quest serviced apartments?
Quest serviced apartments are designed to recreate the experience of “being home away from home” for business and leisure travellers. With over 150 properties in the Asia Pacific region, Quest properties are located in most major Australian cities as well as regional and suburban areas, incorporating services and facilities that successfully refashion the essence of home living.
Located from levels 1 to 4 in the building, Quest apartments at The Peninsula on the Bay are fully furnished, spacious, and offer a broad range of configurations – from studios to two bedroom apartments – equally suitable for single guests, couples, and families. In addition, there are apartments that offer separate living, dining and sleeping areas, complete with fully equipped kitchens.
Quest apartments provide guests ample freedom to move around while still retaining a degree of intimacy; all this ensures that guests are able to save on accommodation expenses without compromising on freedom of movement and space.
Importantly, Quest serviced apartments provide the added advantage of having on-site reception areas that not only provide assistance and security for guests, but can accommodate businesses with administrative tasks as well – ideal for attracting business travellers.
Why Quest serviced apartments are the ideal investment opportunity:
Quest serviced apartments, as an investment opportunity, are appealing for a variety of reasons, not least because of the great location of The Peninsula on the Bay. It is an ideal residential complex for short and long term guests, situated 40kms from Melbourne's CBD, overlooking Port Phillip Bay and its stunning scenery.
The benefits of investing in Quest serviced apartments are countless. For one, you're guaranteed to benefit from the prestige of being associated with the Australia’s most reputable serviced apartment’s provider, ensuring your investment will receive greater exposure to potential patrons. Moreover, this is boosted by working off Quest’s brand recognition and loyalty among clients. In addition, your rental income comes fixed for the first two years, increasing by 4% thereafter as per the lease, with a strong lease term of 10 years. There is then a further 3 options of 5 years to make a total lease term of 25 years.
Another benefit is that Quest ensures your investment is carefully managed by a highly professional and experienced serviced apartment provider. Quest serviced apartments take advantage of the fact that, with an on-site representative, guests are offered sightseeing advice, tips for local restaurants, and can even book babysitting services for children. These factors merge to produce a welcoming atmosphere for guests – an attractive proposition for investors.
Ultimately, this opportunity allows you to be a landlord without all the hassle of actually being one. You will have the security of a long term lease without having to deal with management fees, vacancy periods, or repairs, as Quest pays all maintenance and upkeep costs related to the apartment (conditions apply).
What services do Quest serviced apartments at The Peninsula on the Bay offer guests?
Peninsula on the Bay's Quest serviced apartments offer guests facilities that include, but are not limited to:
A reception located within The Peninsula on the Bay premises for convenience, along with round the clock management;
Wireless broadband internet access;
Breakfast for guests;
Housekeeping that is available as requested throughout the week;
Business administration services, tour assistance, and dry cleaning, among other things.
In being highly appealing to guests with occupancy rates hitting 100%, these services make Quest serviced apartments an attractive proposition for investors.
What property and building features do Quest serviced apartments at The Peninsula on the Bay offer guests?
Quest serviced apartments at The Peninsula on the Bay offer clients a variety of features, catering to all lifestyles. Below, we've outlined some of the features offered:
Varying configurations, ranging from studios to two bedroom apartments;
Reverse cycle air conditioning;
Access to internet broadband;
Access to pay television (Foxtel);
Direct dial telephone; fax, printing and mailing available at reception;
Private balconies or courtyards;
Access to conference and audio-visual equipment. Catering options also available on request;
Access to gyms;
Secure car parking.
As you can probably tell, the list of property features has been a determining factor in promoting the popularity of serviced apartments among travellers and guests; particularly when measured against other hotels and motels in the area.
