Knight Frank Townsville is pleased to present to the market For Sale both the Picnic Bay Hotel, Picnic Bay and the Marlin Bar, Horseshoe Bay on Magnetic Island, 8 km* offshore from Townsville.
Picnic Bay Hotel - Picnic Bay
- Land size: 1.1 Ha
- Restaurant - Indoor/Outdoor dining
- Large commercial kitchen
- Public bar - Internal & External options
- TAB
- Keno
- Internal bottleshop
- 20 operating gaming machines
- Function centre
- 101 m* frontage to beach
- Detached bottleshop - Lease expiry 2023
- 23 motel rooms - Not in operation
- Development upside - Former DA for units
Marlin Bar - Horseshoe Bay
- Land size: 1,019 sqm*
- Bar and dining
- Full commercial kitchen
- On-site car parking
- Approximately 20 m* frontage to Horseshoe Bay beach
- Internal bottleshop
The healthy net return will make this opportunity attractive to any savvy operator/investor looking for a piece of paradise in North Queensland.
For further information or to obtain an Information Memorandum please contact exclusive marketing agents Mark Fitzgerald or Paul Dury of Knight Frank.
*Approximately