Quest St Kilda Bayside – Rare Melbourne Opportunity
PRICE: $1,480,000
Exclusively listed with Stellar Accommodation Brokers
Take the reins of a consistently performing 52-apartment hotel in Melbourne’s premier bayside precinct.
Quest St Kilda Bayside is a well-established serviced apartment hotel, superbly located on a quiet street just steps from Acland Street, St Kilda Beach, and the iconic foreshore—only 6km from Melbourne’s CBD. Catering to both corporate and leisure guests, the property features fully self-contained apartments along with on-site amenities including a gym, solar-heated pool, and secure parking.
With an average occupancy of 75% and ARR of $205 over the past three financial years, the business offers strong, reliable income and high repeat visitation. Backed by the respected Quest brand, this is a rare opportunity for hands-on operators to acquire a lifestyle-focused, high-performing asset with solid growth potential.
Opportunity Snapshot
Prime St Kilda location, just 6km from Melbourne CBD
52 fully self-contained serviced apartments
Operates under the trusted Quest Apartment Hotels brand
Amenities include a solar-heated outdoor pool, fully equipped gym, and secure parking
Anticipated refurbishment scheduled for 2026 presents strong potential for uplift in both rate and occupancy
Strong trading history: 3-year average 75% occupancy and $205 average room rate (ARR)
Strata leases with an average of 15 years remaining tenure
Freehold purchase available for a two-bedroom apartment and storage facilities
Potential to expand inventory: 7 privately owned apartments currently within the complex
