Quest North Ward - Restaurant Lease
About this opportunity
A premium hospitality opportunity like this doesn’t come along often. You’re not just leasing a venue — you’re stepping into the heart of North Ward’s most affluent and high demand precinct, anchored by the consistently performing Quest North Ward. With 271m² of prime restaurant and bar space, a full commercial kitchen fitted with brand new equipment, and a 150 seat dining capacity supported by a large alfresco balcony, this tenancy is purpose built for an operator ready to capitalise on guaranteed foot traffic, built in demand, and multiple revenue channels.
This expansive 271m² tenancy has been designed for seamless service, high volume trade, and an elevated dining experience. The venue includes A fully equipped commercial kitchen with new appliances, ideal for high output service and catering, a dedicated bar area ready to activate day and night trade, seating for 150 patrons, offering scale and flexibility and a stunning alfresco balcony, perfect for long lunches, sunset drinks, and premium evening dining
The layout supports everything from casual breakfasts to sophisticated dinner service, private functions, and corporate events.
Business Story
Quest North Ward is the anchor tenant in the building, providing a built in customer base that most hospitality operators can only dream of. With 55 rooms operating at an impressive 85% occupancy, you have a constant flow of guests seeking meals, drinks, convenience, and local experiences.
This creates immediate and ongoing revenue opportunities:
- Room service meals charged back to Quest
- Mini bar supply agreements (currently not in place — a clear upside)
- Catering for in house functions and corporate bookings
- Preferred supplier status for guest events, meetings, and group stays
Quest’s clientele includes corporate travellers, long stay guests, tourists, and families — all seeking quality dining options within steps of their accommodation.
Positioned in one of Townsville’s most affluent and tightly held suburbs, this tenancy benefits from:
- High spending residents
- Strong tourist visitation
- Proximity to The Strand, Jezzine Barracks, and lifestyle amenities
- Excellent visibility and accessibility
North Ward is known for its premium demographic, vibrant dining culture, and consistent year round activity. This location places your brand at the centre of it. The offer of multiple revenue streams beyond traditional dining, it’s a diversified hospitality business platform. In addition to dine in trade, operators can unlock:
- Function catering for Quest’s meeting rooms and events
- Marketing and activation of function spaces for private hire
- Corporate catering for local businesses
- Exclusive guest packages with Quest
- Mini bar supply agreements
- Breakfast, lunch, and dinner service for hotel guests and locals
Each of these channels strengthens profitability and reduces reliance on a single revenue source.
This is a rare opportunity for an ambitious operator. With brand new kitchen equipment, a high capacity dining footprint, guaranteed guest demand, and a premium North Ward address, this tenancy is perfectly positioned for a motivated operator to establish a flagship venue.
If you’re ready to secure a high performing hospitality location with built in customers and multiple income streams, this is the opportunity that sets you apart.
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Denny brings a distinguished career spanning corporate management, national and international FMCG organisations, and hands on ownership of multiple small businesses. His background includes extensive experience in operational management, sales and marketing leadership, franchise management, and the successful ownership and operation of motels, courier services, and supermarket businesses.
Recognising a gap in the market for a communicator with deep operational insight and genuine commercial understanding, Denny established his business broking practice in 2007. Drawing on decades of combined corporate and small business experience, he has elevated the standard of business brokering through the creation of the Business Sales Group—comprising of NQ Business Sales, CQ Business Sales, FNQ Business Sales and SEQ Business Sales.
Today, the Business Sales Group operates as a highly automated, technology driven organisation, delivering exceptional reach, rapid response times, and a consistently professional product. This modern platform has set new benchmarks in efficiency, presentation, and buyer engagement.
Denny’s focus remains unwavering: to support both sellers and buyers throughout the transaction process and deliver outcomes that are fair, transparent, and commercially sound. He continues to grow the business footprint while embracing the latest technologies to ensure clients receive a premium, high quality service.
Elliott Millar is a business broker dedicated to making the sales journey clear, supported, and stress free for business owners. With five years’ experience as a Marine Engineering Officer in the Royal New Zealand Navy — including a secondment to the Royal Australian Navy — he brings a calm, structured, and dependable approach to every transaction. His background “supporting engineering teams in the management of critical naval assets” shaped his ability to stay composed under pressure and guide people through complex processes with clarity.
Elliott’s focus is simple: ensure clients feel informed, understood, and confident from the first conversation through to settlement. He breaks the sales process into clear, manageable steps, sets realistic expectations, and provides steady guidance so owners never feel overwhelmed or uncertain.
He works closely with clients to understand their goals, prepare their business for market, and present it in a way that reflects its true strengths. His people first leadership style — developed through mentoring teams and coordinating high stakes operations — ensures every client receives patient communication, thoughtful advice, and consistent support.
Whether managing enquiries, coordinating with buyers, or facilitating a smooth handover, Elliott prioritises transparency, communication, and a positive experience for all involved. His commitment extends beyond completing a transaction; he aims to make the entire process easier, more comfortable, and genuinely supported.
Elliott’s promise to his clients: clear communication, steady support, and a sales process that feels manageable every step of the way.
Phil started his working career in purchasing with large and multi-national companies in Sydney.
A family relocation to Bowen in 1974 was the catalyst to owning his own business.
Phil has been in various businesses from Pest Control to Delicatessen/Takeaway and has for the last 39 years built a wholesale business that has served Bowen, Whitsundays, Mackay and the Coalfields, from 1 truck and himself to 6 trucks and 15 employees.
This has given Phil a very solid knowledge of the area from Bowen to Rockhampton and what it takes to thrive in business there.
Phil has a strong knowledge of business and business practices built through the process of growing his own business as well as time spent on State Franchise Council and dealing with the many changing government policies in those 39 years.
The process of selling his own business has shown Phil the real need for a locally based business broker, easily contacted and heavily focused on the Central Queensland area, which has led to his involvement in CQ Business Brokers.