Quest on Lambton is a long-standing serviced apartment business in the heart of Wellington's CBD, now available for a new owner to take forward. Positioned just off Lambton Quay and close to government buildings, corporate offices, the waterfront and key transport links, it has historically delivered strong revenue and profitability from a reliable corporate and long-stay guest base.
The business comprises 46 self-contained apartments across studio, one and two bedroom layouts, each with a kitchen or kitchenette and on-site laundry facilities for convenience. A lease until 2035 with a single landlord provides security of tenure and a straightforward ownership structure, giving an incoming owner confidence around future planning.
Quest on Lambton operates under an established serviced apartment model with daily servicing (excluding Sundays and public holidays) and a range of guest services. A committed full-time owner working in the business has a clear scope to make a difference by strengthening corporate and government relationships, driving direct bookings and undertaking a required refurbishment programme to refresh rooms, improving guest experience and supporting rate growth.
Key highlights:
• 46 rooms with a good mix of configurations
• Growth potential with a new hands-on owner
• Single landlord with a lease until 2035
• Conveniently located for all guest types
• Required refurbishment to help support growth and guest satisfaction.
For further information, contact Angus Rodwell on 021 193 4497 today.
Price $650,000
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