A waterfront resort with expansion or redevelopment potential located within the tourism gateway of Townsville is preparing to hit the market, providing an incoming buyer with the opportunity to take advantage of the strengthening local economy and market fundamentals.

Comprising a substantial landholding and favourable zoning, the Seagulls Resort fronting The Esplanade will be offered for sale by exclusively appointed agents Max Cooper and Tim Packman of Savills.

Positioned on a waterfront site commanding views over Rowes Bay to Magnetic Island, the resort offers 69 rooms and apartments, manager’s residence, restaurant and conference facilities set around lagoon style pool and tropical gardens. Two adjoining houses are also available for sale to create a total site of 11,750sq m.

Director of Hotels at Savills, Max Cooper said the waterfront resort offering is a well-established business providing significant opportunity for expansion.

“There is an opportunity to expand existing resort facilities and re-position or to redevelop the property for residential, retirement or other uses,” Mr Cooper said.

The resort is located walking distance to beaches and parklands and the main tourist areas aligning The Strand.

It is also within a zoning area that permits a range of residential uses including townhouse and apartments, retirement and aged care living.

Executive of Metropolitan & Regional Sales at Savills, Tim Packman said this is an exciting opportunity for an incoming buyer.

“We expect that the offering will be sought after by an array of local and interstate property investors,” Mr Packman said.