69 Palmer Street, SOUTH TOWNSVILLE QLD 4810
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- 3 Apr 2017
Waterfront Restaurant Tenancy on Palmer Street
Motivated Owner - Buy: $780k, Lease: $72k pa net
This premium location on Townsville's popular “Eat Street” boasts stunning views of the marina, Cleveland Bay and Castle Hill. With two adjacent hotels coupled with the residents above in the luxury Solarus apartments, this commercial space provides an impressive captive clientele and is the only waterfront location available on Palmer Street.
Adjoining Crown on Palmer, the vendor is seeking a successful operator to occupy this tenancy which is offered for sale or lease.
Tenancy 2 boasts a fully fitted kitchen and restaurant which includes exclusive raised alfresco dining, storage areas, shared amenities and side loading area.
Internal: 158m2; External: 56m2; Storage / Cold room: 23m2
Total Floor Area: 237 m2
The owners are very motivated to secure a suitable operators in the last available tenancy and therefore are prepared to offer very attractive rental rates and incentives.
For more information or to arrange an inspection, please contact:
James Pascoe of Colliers International Townsville
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
69 Palmer Street SOUTH TOWNSVILLE