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72-74 The Strand, North Ward, QLD, 4810

2. Property Highlights

High Profile North Queensland Beachfront Hotel
  • 4 x 10 year options to 2072
  • Tenant pays all outgoings incl land tax
  • World-class beachfront promenade

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

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3. Property Location

72-74 The Strand, North Ward, QLD, 4810

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4. Due Diligence

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72-74 The Strand, North Ward, QLD, 4810 North Ward
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