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72-74 The Strand, North Ward, QLD, 4810
North Ward
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
Remember to mention you found this property on CommercialReady
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
Remember to mention you found this property on CommercialReady
72-74 The Strand, North Ward, QLD, 4810
Secure/no obligation
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Yield Calculator
Yield Calculator
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Full report
Please see your Loan Analysis below. The report has been emailed to you, as well as DIG Capital Advisory and the Listing Agent to follow up if needed.
Loan Analysis
