Rare retail space on The Strand in Townsville leased to expanding hospitality operator

• Restaurant operator The Spirited Goat will occupy the space, opening its second location in the city
• The off-market deal was negotiated by Knight Frank agents Paul Dury and Mark Fitzgerald on behalf of the landlord, Black Snow Investments Pty Ltd
• The lease means there are now no retail vacancies left on The Strand

A well-known hospitality operator is set to open at a second location in Townsville after committing to lease a prominent waterfront retail space.

The Spirited Goat Pty Ltd will occupy 217sq m on the ground floor at 62 The Strand in Townsville after signing a lease for five years with two five-year options.

The off-market deal was negotiated by Knight Frank agents Paul Dury and Mark Fitzgerald on behalf of the landlord, Black Snow Investments Pty Ltd.

The space will provide The Spirited Goat with a second location, in addition to its existing location at Village Drive in Idalia.

Owner of The Spirited Goat Don Peel said the café had decided to open in a second location after being presented with “an extraordinary opportunity” to occupy the space at The Strand.

“Townsville's Strand is iconic in northern Queensland and we are very grateful for the opportunity to put our best foot forward for Townsville locals and visitors,” he said.

“This particular retail space has an extraordinary aspect over to Magnetic island with a beautiful grass area that we hope to activate with customers enjoying great coffee.

“We're hoping to create a beautiful beach platform for our talented chefs, baristas and team to expand upon the wonderful creations they serve up at Idalia.”

Mr Dury said the location of 62 The Strand was the biggest drawcard of the space for the tenant.

“The Strand is a prime prominent position in Townsville, on the waterfront and with plenty of passing traffic,” he said.

“Quality food retailers are still looking for strategic locations with high foot traffic. Retail tenancies on the Strand are very rare, so when they become available, they attract good interest and can demand high rents.

“The space leased to The Spirited Goat was the last remaining retail vacancy along The Strand, with no vacancies left now.”

Contact the lead agents for more details, Paul Dury and Mark Fitzgerald.