Waterfront Tavern & Restaurant opportunity

Currently occupied by Bayview Bar & Bistro, Lot 1 of 69-77 Palmer Street comprises a ground-floor commercial strata of 999 square metres.

The slightly elevated tenancy was purpose-built in 2010 and forms part of the Solarus apartments. Solarus is a 12-storey luxury apartment complex with 73 apartments.

The property boasts stunning views of the Townsville Marina, Cleveland Bay, and Castle Hill.

The current periodic tenant is willing to negotiate a new lease with the Buyer, or you can choose to occupy the tenancy with your own business.

Features include:
• 999 sqm total floor area
• Includes 66 sqm outdoor seating area
• Large commercial kitchen & bar
• Back of house facilities including cold room, freezer, storeroom, loading dock, and manager's office

There are 800 hotel rooms on Palmer Street, with an occupancy rate of 67.4%, meaning over 240,000 guests stay here each year. The location also has a very strong local customer base, making it highly sought after.

Sale: $2,600,000 ex GST

Please get in touch with Ray White Commercial Townsville for further information or to arrange an inspection.

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