SALE: Offers to Purchase – Adventurers Backpackers Resort, 79 Palmer Street, South Townsville QLD 4810
Fantastic opportunity right on the waterfront!
Amazing opportunity – Huge potential – Water views
An exciting opportunity exists for prospective buyers with this strategically located 4 level, 100-room, large accommodation complex in Townsville’s premier dining precinct on Palmer Street, opposite the priority development area with water views and dual street frontage.
Built in the late 1980’s, this well preserved masonry block, reinforced building is in fantastic condition. Boasting a building footprint of around 1,600m2 with a total covered area of a remarkable 4,800m2 and land size of 2,833 m2.
The successful Adventurers Backpackers was constructed to cater a capacity of 300 guests, with room configuration ranging from single through to 16 room accommodation. There is significant potential with current layout for 233 and licensing allowing for 218 people.
Ground level includes an office and reception area, a fully equipped communal kitchen, a dining and lounge area, ample storage and car parking. It is also home to the popular Masala Indian restaurant.
Levels one and two consist primarily of accommodation rooms as well as storage areas, guest laundries and large communal amenities. There is a large swimming pool and BBQ area on level two and level four is a dedicated to a very impressive two-bedroom manager’s residence and outdoor deck area.
The strategic location of this site means it set to benefit from a collection of major infrastructure projects 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 a key component to the strategic growth of Townsville and home to a prevalent retail and restaurant precinct which will continue to grow with increased investment in commercial and residential projects bought on by improved confidence and government investment.
- Well established backpacker operation
- Land area 2,833m²
- Floor area 4,800m²
- Ample parking (covered and uncovered parking on site)
- Waterfront location in tourism precinct
- Would suit a range of accommodation style uses
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 SALE: Motivated Vendor – $2.9 million (or nearest offer)
Contact: Eliza Anderson at iMCommercial for further details or to arrange an inspection.
Mobile: 0407 858 310