Auction Information Link here: https://raywhitetownsville.com.au/watch-our-auctions-live
Whether you're looking to expand your portfolio or secure your first multi-unit asset, this tightly held block of four units at 110 Queens Road, Hermit Park offers the perfect combination of long-term growth, reliable income, and low-maintenance ownership.
Well-Maintained and Income-Ready
Pride of ownership is evident throughout. Each unit has been fastidiously maintained, making them attractive to quality tenants and effortless for the next owner. With long-term leases in place and strong weekly returns, this is a turnkey investment in one of Townsville's most liveable suburbs.
Investment Highlights
• No Body Corporate Fees - Maximise your return with no strata overheads
• Strong yield, with potential growth, with long-term tenants in place
• Large 809m² Allotment, Spacious and low-maintenance, with one insurance policy
• Well cared for surrounding gardens and maintenance
Each Unit Features
• Two generous bedrooms with built-in wardrobes
• Fully air-conditioned and tiled throughout
• Upgraded kitchens and modern bathrooms
• Private undercover carport per unit
• Clean, solid, and extremely well maintained
Current Tenancies
Unit 1 - Lease ends mid March 2026 - Current Rent $300.00 per week
Unit 2 - Vacant
Unit 3 - Lease ends mid June 2026 - Current Rent $280.00 per week with increase to $340.00 per week mid August 2025
Unit 4 - Lease ends late July 2026 - Current Rent $300.00 per week
Income Potential: $1400 per week
Current Rates Before Water & Discounts: $7,953.52 PA
Why Hermit Park?
Positioned just minutes from the CBD, Queensland Country Bank Stadium, and the riverfront, Hermit Park is a high-demand rental suburb with a mix of lifestyle appeal and urban convenience. Its strong school zones, walkable amenities, and resilient community ensure consistent tenant demand and capital growth potential.
Inspections Welcome, call #AllisonGough 0421583168.
Interested parties should verify the accuracy and currency of the information and make their own independent inquiries as the agent cannot attest to the correctness of the information provided. Some file photographs in use may have been taken some time ago or modifications have been conducted at the property since the photography. Please rely on your own inspection and investigations to determine if this property is suitable for your requirements and information provided is general in nature. Ray White Townsville bears no liability for any loss sustained due to inaccuracy or omission.
