47-key serviced apartment hotel
About the business
Quest on William is a 47-key serviced apartment hotel on William Street in Melbourne's business precinct, Victoria. It offers studio, one, two and three bedroom apartments for corporate and leisure travelers. The apartments are equipped with kitchens, bathrooms, laundry facilities, high-speed internet access and furnishings. It is a franchise business under the Quest brand, sold as a leasehold interest. The broker reports loyal corporate and leisure guests.
Financing calculator
An estimate, not a loan offer. Change the numbers to see what buying this business would take in cash and what the repayments would be each month.
Asking price$2,780,000
Paid by
Your cash$834,000
Secured loan, 7 years at 6.98%$1,946,000
Each month
Loan repayment$29,350
Repayments each month
$29,350
Over 7 years you repay $2,465,512, of which $519,512 is interest.
Secured on property: the RBA's average for small business new loans secured on residential property, August 2026. Lenders set their own rates and terms, and this leaves out stamp duty and fees. Source: Reserve Bank of Australia 2026.
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