Burgess Rawson is pleased to offer to the market the freehold interest of the Watermark Hotel located at 72-74 The Strand, Townsville QLD for sale via Offers to Purchase.
This opportunity has the following key investment highlights:
+ Ten (10) year net lease to 2032 to Kickon Group
+ Four (4) further ten (10) year options to 2072
+ Watermark Hotel: Townsville's premier oceanfront restaurant and bar accommodating 250 patrons and 15 gaming licenses
+ Kickon Group: experienced hospitality operator with a network of 7 venues across Australia
+ Tenant pays 100% of outgoings including land tax
+ Landlord favourable CPI plus 0.5% annual rent increases (capped at 3%)
+ Significant expansion opportunity with the current commercial hotel license allowing for 3 detached bottle shops within a 10km radius
+ Prominently positioned 1,694sqm* landholding with 60m* of direct frontage to The Strand, a world-class beachfront promenade with a high level of pedestrian foot traffic
+ Conveniently located in close proximity to numerous key amenities including the Townsville Airport, The Port of Townsville & Townsville CBD
+ Situated adjacent Townsville's most affluent suburb Castle Hill, with a median house price of $2,150,000^
+ Primely located to benefit from Townsville's $900 million tourism industry, with close proximity to the city's major attractions including The Strand, Castle Hill Lookout & Magnetic Island Ferries
+ Townsville: economic capital of North Queensland with over $27 billion in infrastructure projects underway and population forecast to grow 45% by 2041^^
+ Net Income: $412,000 pa* + GST
For Sale via Offers to Purchase.
Please contact the exclusively appointed Burgess Rawson team for more information
*Approx.
^ Realestate.com
^^ Townsville City Council
