Multi Award Winning Restaurant Business For Sale Knight Frank is proud to present for sale Michel's on Palmer, considered one of Townsville's Best Restaurants with a renowned reputation.
Situated in the popular entertainment and dining precinct of Palmer Street, the restaurant is surrounded by a large number of hotels and accommodation sites in Townsville and is located only a short walking distance to Townsville CBD.
Michel's on Palmer has offered restaurant, catering and functions to Townsville locals for many years and has for 5 consistent years been awarded chef hats by the Australian good food and travel guide.
South Townsville 1,012 site with plety of upside - Price reduced Comprises a freestanding air conditioned suite of offices with secure reception area, attached meeting room, kitchen, store and ablutions facilities with secure on site parking. Offered with Vacant Possession.
This property has been in the same hands for over 100 years and represents a unique opportunity to acquire fringe CBD real estate close to the Port and Palmer Street tourist and hotel precinct.
Prime Waterfront Location Located 2.1km from Townsville International Airport and 3km from Townsville CBD featuring 69 generous rooms and apartments including a number with water views.
- Immediate Cashflow
- 11,750sq m waterfront site
- RACQ 4 star rating
- Tropical lagoon style pools & flood lit tennis court
- Ample on site car parks
- Licensed a-la-carte restaurant and poolside cocktail bar
- Room service and bar snacks available
- 5 Conference rooms
- Numerous attractions including Great Barrier Reef and Magnetic Island
- Owners are retiring and committed to the sale
Budget hotel business Sturt Lodge comprises a freehold 100 room budget accommodation complex producing good returns.
Includes ample on site parking and a revenue lease on the ground floor.
Full trading history available to qualified buyers.
Contact Graeme Russell at Ray White Commercial on 0448 410 067
Substantial CBD Hotel with 25 Year Lease. Rare Landlord Friendly Triple Net Lease. New 25 year lease to 2041 to established operator. Options to 2051. Substantial tenant with 9 major east coast hotels. 1 years rent guarantee held by Landlord. 118 rooms plus restaurant and function area. 50 car spaces. Large 3,127 sqm block with potential to expand. Four storey 3.5 Star hotel 4,350 sqm. Modern building costing $24m to construct in 2006. Substantial depreciation benefits. Strong town centre location with dual street frontage. IMPORTANT- rare triple net lease with tenant paying all outgoings, as per lease. Annual 2.5% rent increases (net income $1,060,000 in 2026, $1,537,000 i...
CBD REDEVELOPMENT HOTSPOT Two storey commercial building with frontage of 16.8 metres* to both Ogden Street and Flinders Street for sale. Vehicular access to the property is available from Ogden Street.
- 847 sqm* land area - Building area of 847 sqm* - 2 Street Access - Zoned CBD Retail Core - Vacant Possession, ready for your renovation - Close proximity to new CBD developments
For Sale via Expressions of Interest closing 11 December 2014 at 4pm
To obtain a property Information Memorandum or to arrange an inspection, please contact exclusive agents Knight Frank
Leased to Coles Subsidiary: Major Hotel and First Choice Liquor Strategic location 1km* southwest of the Townsville CBD.
Leased to wholly owned Coles/Wesfarmers subsidiary until June 2021 plus options.
Wesfarmers Limited, a highly diversified ASX top 10 company (as at 21/2/13), recently rated by Deloitte as the world’s fastest growing retailer.
Total site area of 6,075m2* with a combined three street frontage of 221 metres* and 60* car spaces on title.
Improvements include Public Bar, Gaming Lounge with 12 Machines, Large Function Room, Beer Garden, Accommodation and Manager’s flat and large freestanding 1,100m2* First Choice Liquor store.
Classic Queensland Building 104 Flinders Street, Townsville CBD
- Located in the heart of the Townsville entertainment precinct of "Flinders Street East". - High profile corner location. - 3 Level Building with GFA of 545 sqm approx. - Land Area of 232 sqm approx. - 3 Car parks onsite. - Zoned CBD Tourist Core.
For Sale by Offers to Purchase closing 4pm Wednesday 9 May 2012. Under instructions from Nigel Markey & Bradley Hellen as liquidators.
For more information or to arrange an inspection please contact Paul Dury 0448 476 006 / Paul.Dury@au.knightfrank.com or Michael Quinlan on 0408 716 006 / Michael.Quinlan@au.kn...