High net pub in coastal town.
Off Market Hotels is pleased to present exclusively one of North Queensland’s Largest Management Rights Business for Sale! Ideally situated in Townsville’s premier locations on The Strand.
The complex is located on a site area of 4,262sqm, comprises studio units, 1 x two- bedroom unit (Managers Unit) and 3 x Managers Lots with a total of 146 Lots (156 keys) in the scheme. The business is made up of 110 Lots (115 keys) catering for singles, couples, executives and visitors.
The Managers Unit (Lot 1) is situated on the ground floor and provides; two bedrooms, one bathroom and a small courtyard. Managers Lot 2 includes reception, office, boardroom, caretaker unit and various storerooms with a strata area of 372m2. Lot 333 includes a cafe area, kitchen and storerooms with a strata area of 60m2.
Common area building facilities include in-ground pool, pool yard, kitchen for breakfasts, Boardroom, internet room, interview rooms, guest laundry, WIFI, CCTV, 2 x passenger lifts, 1 x goods lift and visitor car parking.
KEY HIGHLIGHTS:
LOCATION, LOCATION, LOCATION -The resort has an unrivalled location, positioned on a 4,262sqm ocean front site on the Strand in Townsville offering spectacular views over the Coral Sea coastline. It is arguably one of the best positions in the Townsville region.
MULTI-FACETED HOTEL OFFERING WITH DIVERSE INCOME STREAMS
A quality hotel which presents exceptionally well, having been maintained with constant capital expenditure. It is a multi-faceted hotel asset with multiple revenue streams including accommodation, food and beverage, conferencing, functions and weddings and the caretaking and letting rights for the complex.
VACANT POSSESSION
The resort is currently owner operated and is offered with vacant possession, allowing an incoming owner to rebrand and reposition the resort.
STRONG FINANCIAL PERFORMANCE WITH HIGH OCCUPANCY AND RATES
The accommodation component has enjoyed positive performance, increasingly benefiting from a range of markets: leisure, corporate, event driven & conferencing.
DESTINATION HOTSPOT
The destination is popular with domestic and international tourists.
LOCATION OVERVIEW
TOWNSVILLE
Townsville is North Queensland’s major regional hub with one of the most diverse economies and is widely recognised as having a strong and stable economy underpinned by a significant government base, as well the presence of other industries including education, agriculture, defence, resources, health, tourism and manufacturing industries.
Townsville is situated on the Bruce Highway some 1,330 kilometres north of Brisbane and 350 kilometres south of Cairns, on the shores of Cleveland Bay and Magnetic Island 8 kilometres off the coast. The City is serviced by major roads, airport, rail and a port.
ECONOMY
Townsville boasts an incredibly diverse economy with no single sector representing more than 15% of GRP. The region is recognised as the doorway to Queensland’s mining industry and is perfectly positioned as Australia’s gateway with major international export and import activity facilitated through the Townsville Port.
The $8 billion Townsville Port recently underwent an $80 million upgrade including a dedicated cruise and defence terminal the range of industries shipping through the port highlights the strength of the region’s economy.
RESOURCES
Townsville is the primary service for processing base metals from the minerals province which is centre on Mt Isa and is the second largest minerals mining area in the world, containing over 28% of the world’s known zinc reserves as well as major deposits of silver, lead, copper, iron ore, and phosphate.
The region also encompasses the northern section of the Bowen and Galilee Basin, which has some of the world’s richest coal and natural gas reserves.
Contact Shane for more information about this property.
