JLL Hotels & Hospitality Group has been appointed exclusive agent to sell Freehold Interest in the iconic Watermark, Townsville, on the back of their recent sale of the leasehold component. The process is being managed by Tom Gleeson, Mark Walsh and Christian Tsalikis.

After more than eight years in Townsville and over 50 years in hospitality, family patriarch, Danny Meares, has decided it’s time to end his era at the Venue. Finalising the sale of a long-term lease to well respected industry played Kickon Group early this year Mr. Meares thought the timing was excellent. “I have loved my time in Townsville, but it is time to move on to the next chapter.” Mentioned Mr. Meares.

The Watermark boasts a freshly commenced 10-year initial term with a further 4 x 10-year options. Boasting waterfront views on the Strand, separate dining, and bar areas and 15 electronic gaming machines the venue represents an excellent and stable investment opportunity. The tenant, Kickon Group, boasts high profile Queensland venues such as The Plough Inn, The Osbourne, The Collective and the recently acquired Grand View Hotel, Cleveland.

“Kickon Groups track record for delivering top of class hospitality venues and immersing themselves within the local community provides a great comfort to any investor looking for a secure long-term investment.” States Tom Gleeson, JLL Senior Vice President

Townsville has seen a real resurgence in the last decade. With a new stadium for the North Queensland Cowboys, the redevelopment of The Ville Resort and Casino, a significant Armed Forces presence and as the gateway to Magnetic Island, it holds significant local and tourist attraction alike and is poised for further and wider growth.

For more information contact the agents via the contact form below.