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79 Palmer Street , SOUTH TOWNSVILLE QLD 4810
Offers to Purchase
For Sale
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- PROPERTY DETAILS
- BUILDING DETAILS
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Property Details
- Category:
- Hotel / Leisure
- Floor area:
- 4,800m²
- Parking:
- On site parking available
- Land area:
- 2,833m²
- Energy Efficiency Rating:
- N/A
- Property ID:
- 2013312884
- Virtual Tour:
- View Tour
- Updated:
- 31 Jan 2017
Large Accommodation Complex on Palmer Street
Located in a strategic location in Townsville’s premier dining precinct of Palmer Street, this four level, 100-room accommodation complex is an exciting opportunity for prospective buyers.
Boasting a building footprint of around 1,600m2 with a total covered area of an impressive 4,800m2 and land size of 2,833 m2, this masonry block, reinforced concrete structure was build in the late 1980s and remains in excellent condition.
Bookended by the high-end accommodation facilities of Solarus and the Crown Hotel, this property is home to the successful Adventurers Backpackers. Constructed to cater to a capacity of 300 guests, there is significant potential with current layout for 233 and licensing allowing for 218 people. Room configuration ranges from single through to 16 room accommodation.
Incorporating a ground level office and reception area, fully equipped communal kitchen, dining and lounge, ample storage and car parking, this property is also home to the popular Masala Indian restaurant.
Levels one and two each consist primarily of accommodation rooms along with guest laundries, large communal amenities and storage areas. Level two features a large swimming pool and BBQ area. Level four is a dedicated two-bedroom manager’s residence and outdoor deck area.
Water fronting, with dual street frontages this site is strategically situated on Palmer Street opposite the priority development area.
The strategic location of this site means it set to benefit from a suite of major infrastructure projects planned, or underway, that are being funding by all tiers of government and the private sector. In excess of $1 billion worth of city defining projects, including the highly anticipated $250 million Townsville stadium, are set to be delivered within this precinct by 2020.
Palmer Street is widely acknowledged as the epicentre of this retail and restaurant precinct which will enjoy further connectivity with the CBD thanks to increased investment in commercial and residential projects bought on by improved confidence and government investment. Community and civic leaders continue to champion the growth and development of the CBD and surrounding precinct – Palmer Street is a key component to the strategic growth of Townsville making this opportunity increasingly unique.
The property is being offered for sale by offers to purchase and all interested parties are invited to submit their interest for the vendor’s consideration.
For more information or to arrange an inspection, please contact:
James Pascoe
Senior Executive - Colliers International Townsville -
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):The rental averages are based on a basket of buildings within that market, according to grade and recent transactions and are a trend indicator only. The high figure is indicative of the average $/sqm for the high floors, and the low is indicative of the average $/sqm of the lower floors. Leasing deals negotiated in 'net' exclude outgoings, whereas 'gross' rents are inclusive of outgoings.$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
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79 Palmer Street SOUTH TOWNSVILLE
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