This $50m Marine Precinct development will incorporate one of the first new hotel complexes Townsville has seen constructed for some time.
The prime location is on Sir Leslie Thiess Drive close to The Ville Casino and The Strand. While positioned for a resilient corporate market backed with the strong mining and military presence, being located in this high demand holiday location will attract the holiday makers as well. This project will do very well.
It is structured with fixed term/amount owner leases and the operator will find significant benefits and flexibility in the lease form. In close proximity to the new $250m Townsville Super Stadium and the Adani Mining Headquarters in the CBD, Townsville is set to boom - and this is an excellent time and opportunity to purchase a top new Hotel off the plan. Projected nett year 3 is $1,048,205.
There is some flexibility in room types. Owner HPG will also consider other structures for the Operator in terms of a Lease, Profit Share or HMA.
The complex is government grant assisted and construction is planned to commence late 2020 with full Terminal Complex completion expected by March 2022. Expressions of interest are invited.
Confidentiality conditions apply.
For further information contact Calvin Bailey.