A Quest apartment will generally provide a gross rent return of between 6% and 7.5%, although some may differ slightly depending on some variables like location and size.
This will usually translate in to a net return of between 5% and 6.5% to the property owner, which far exceeds returns found in general residential real estate which are often as low as 2.5% to 3%.
We achieve this by charging the rooms on a nightly basis and have a proven track record in understanding what is involved to make the location a profitable one, but also to ensure apartment owners receive a healthy return on their investment. It’s a win-win situation taking in to account the need for the business to be profitable and the apartment owner to receive a good return on their investment.
At Quest, we believe that we tick all the boxes by not only providing a healthy rent return but just as importantly, by providing a secure and hassle free bricks and mortar investment.