12-18 Palmer Street,
Townsville City, QLD 4810
Hotel, Motel & Leisure • Shops & Retail
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Map of 12-18 Palmer Street
Substantial CBD Hotel with 25 Year Lease. Rare Landlord Friendly Triple Net Lease.
New 25 year lease to 2041 to established operator.
Options to 2051.
Substantial tenant with 9 major east coast hotels.
1 years rent guarantee held by Landlord.
118 rooms plus restaurant and function area.
50 car spaces.
Large 3,127 sqm block with potential to expand.
Four storey 3.5 Star hotel 4,350 sqm.
Modern building costing $24m to construct in 2006.
Substantial depreciation benefits.
Strong town centre location with dual street frontage.
IMPORTANT- rare triple net lease with tenant paying all outgoings, as per lease.
Annual 2.5% rent increases (net income $1,060,000 in 2026, $1,537,000 in 2041).
Easily managed single tenant investment.
Net Income $850,000 pa + GST (8.5% yield anticipated).
Options to 2051.
Substantial tenant with 9 major east coast hotels.
1 years rent guarantee held by Landlord.
118 rooms plus restaurant and function area.
50 car spaces.
Large 3,127 sqm block with potential to expand.
Four storey 3.5 Star hotel 4,350 sqm.
Modern building costing $24m to construct in 2006.
Substantial depreciation benefits.
Strong town centre location with dual street frontage.
IMPORTANT- rare triple net lease with tenant paying all outgoings, as per lease.
Annual 2.5% rent increases (net income $1,060,000 in 2026, $1,537,000 in 2041).
Easily managed single tenant investment.
Net Income $850,000 pa + GST (8.5% yield anticipated).
Property ID: 501978430Last Updated: 28 Aug 2016
02 9232 62...
12-18 Palmer Street
Townsville City, QLD 4810
Burgess Rawson - SydneyLevel 11.02, 9 Castlereagh Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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