Vice President

Mark Walsh

biography

Vice President, Investment Sales

Tom Gleeson

High performing gaming hotel with development upside JLL Hotels &amp; Hospitality Group is delighted to present to market the freehold going concern interest in the Bellevue Hotel, located in the popular residential and commercial precinct of South Townsville, within a short walk to the Palmer Street retail strip and new Queensland Country Bank Stadium. Investment highlights include: * Well-appointed hotel incorporating a public bar, bistro, gaming room with 15 modern EGMs, full TAB, Sky TV and Keno facilities, beer garden and on-site bottle shop * Centrally located, within minutes to the CBD and new multi-purpose stadium * Well-established business with strong trade in F&amp;B, gaming and bottle shop * Captive market with limited surrounding competition * 1,681sqm* corner site in Development Zone * Favourable height limitations providing a minimum four-storey development opportunity (STCA) * Fantastic pub prospect, well positioned to capitalise on the current projected booming Townsville economy * Yield circa 15.5% and growing *Approx. FOR SALE BY PRIVATE TREATY

Description

Last updated

Building

Bellevue Hotel

Sydney

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Bellevue Hotel

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