This well established restaurant tenancy is available for immediate lease, it’s situated on Palmer Street, on the ground floor beneath the Park Regis Anchorage boasting a captive clientele above with room service capabilities. Palmer St is well known as Townsville’s popular ‘Eat Street’ with many various dining options and accommodation providers. There are more than 800 hotel rooms on Palmer Street with an average occupancy rate of circa 70%, meaning more than 250,000 guests stay here each year. The location is ideal with some pedestrian traffic, only a short walk to the Country Bank Stadium, V8 Supercar Racing Track, CBD and the picturesque Strand.
This attractive premises offers an internal seating capacity for more than 50 patrons in air conditioned comfort as well as covered alfresco dining for 30 plus patrons. The internal area includes 152 m2 which is fully fitted and equipped with everything required to commence trading immediately. The internal area includes a managers office, store rooms, kitchen, bar, cold room and a beautiful ambiant internal dining area. Additional to the internal floor area is the large mostly covered outdoor dining space with views of Ross Creek and Castle Hill. Included in the lease are three covered car parks exclusive and close to the tenancy.
We are pleased to offer this rare opportunity to acquire any existing business with the freedom to make it your own in every way with zero capital expenditure required. The existing operators are simply looking to retire and maintain the freehold as an investment. Hence this exciting opportunity available to all proven hospitality operators, with a very competitive rental offered and long lease term security.
For more information or to arrange an inspection, please contact James or Daniel at Pascoe Commercial 07 4721 0000.
