Quest Watergardens - opened 2023 in Melbourne's western growth corridor! TAYLORS LAKES VIC

Description

+ About the Business +

Quest Watergardens is strategically positioned within the Watergardens Shopping Centre precinct in Taylors Lakes, just 26km north-west of the Melbourne CBD in the City of Brimbank. This modern, standalone serviced apartment property offers 86 keys across studio, one, two and three-bedroom apartments.

The property also features a welcoming reception area, well-equipped conference facilities, a comfortable business lounge, a modern gymnasium, and 50 on-site car spaces, providing guests with a complete range of amenities for both business and leisure stays.

Quest Watergardens has completed its second year of trading with strong results, achieving 52% occupancy and an Average Room Rate (ARR) of $210, establishing a solid foundation for continued growth in Year 3 and beyond.

+ Prime Location & Growth Corridor +

Located on the doorstep of both Watergardens Shopping Centre and Watergardens Train Station, guests enjoy direct access to more than 224 specialty retailers, casual dining and entertainment options, and excellent transport links — including a short connection to Melbourne Airport.

Watergardens attracts 10.1 million visitors annually, with around 5,000 commuters passing through the adjoining station each weekday. The centre is currently undergoing a $50 million upgrade, adding 5,000m² of new retail and dining space.

Within the broader Brimbank–Melton growth corridor, over $12 billion in development projects are planned or underway, including:
- QIC Watergardens Town Centre Expansion – $30 million
- Western Interstate Freight Terminal (Truganina) – $2.3 billion
- Aerocorp Business Park (Keilor) – $30 million
- Melbourne Business Park – $2 billion
- Melton Hospital (Business Case in Progress).

+ Lease Details +

- Initial Term: 15 years
- Further Terms: 1 x 10 years
- Total Remaining Term: 22.5 years
- Landlord: Single landlord arrangement.

+ The Opportunity +

Quest Watergardens is being offered as an established early-stage business, now entering its third year of operation with two years of proven goodwill and strong growth momentum. With a long lease, high-quality fit-out, all building defects resolved, and the backing of the respected Quest brand, this opportunity provides an exceptional platform to scale operations and capitalise on one of Melbourne’s most dynamic growth corridors.