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61- 63 Palmer Street & 2 Morehead Street South Townsville QLD 4810

  • Retail
  • 650 m²
  • For Lease, Offers Circa $2,300,000 Lease $90,000 plus Outs

Waterfront commercial building with 12 storey development potential

61-63 Palmer Street along with adjoining 2 Morehead Street would suite a range of astute buyers or investors.

Configured as a fully fitout restaurant and bar, this property can catering for 120 seated patrons comfortably, and many more for casual meet and greets.

This restaurant could be transformed to a fantastic function center, specialising in special events and corporate use.

The property is very stylish, offering modern decor throughout, that is both functional and very well presented.

The building is currently engineered for a second storey with a lift shaft to service the proposed rooftop development, which offers spectacular views across the inner city and beyond.

Build a roof top bar, build a roof top garden, build a roof top platform, build a roof top penthouse apartment with your office/business under. The choices are endless. Convert to a professional office or even a residential dwelling.

Views down Ross creek and beyond to Magnetic island are tremendous with the Marina in the foreground and city views to castle hill.

The Palmer Street precinct allows for multiple level developments up to 12 storey's with a range of uses including Food and Drink outlets, shops, high rise and high density dwellings, short term accommodation and community use's.

The Morehead Street property has four fully leased units, returning approximately $860/week. Morehead street provides additional land for future development and access points to the Palmer street property.

Call exclusive listing agents Ray White Commercial today to inspect this rare opportunity.

Property Highlights

Property ID12330105
Floor Area650 m²
Land Area1,769 m²
Energy0-star NABERS Energy rating
ParkingAsk Agent
Last updated  12 Dec 2019
Map for 61- 63 Palmer Street & 2 Morehead Street South Townsville QLD 4810
Ray White Commercial Townsville
Level 1, 41 Sturt Street Townsville City QLD 4810

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