Rarely does an opportunity arise to secure a block of four individually titled units with no body corporate in one of Townsville's most sought after inner city suburbs.
Positioned in a quiet street surrounded by beautiful character Queenslanders, this exceptional investment offers four separately titled units, multiple income streams and minimal ongoing holding costs, making it an outstanding addition to any investment portfolio.
All four units are currently tenanted, providing immediate rental income from day one while offering excellent long term capital growth potential. With three of the four units on periodic leases and rents below current market value, there is outstanding scope to increase rental returns over time.
Positioned in one of West End's most tightly held pockets, this exceptional investment enjoys a premium lifestyle location just moments from quality schools, Castletown Shopping Centre, the Townsville CBD, Queensland Country Bank Stadium, The Strand and an array of cafés, restaurants and everyday conveniences. Offering outstanding accessibility and enduring tenant appeal, this is a location consistently sought after by both investors and owner occupiers alike.
Property Features:
• Block of four individually titled units
• No body corporate
• Fully tenanted with immediate rental income
• Multiple income streams
• Opportunity to increase rental returns
• Purchase the entire complex or individual units
• Low maintenance investment
• Blue chip inner city location with exceptional tenant demand
Purchase Options
• Purchase the entire complex
• Units 1, 2 and 3 available individually - Mid $300,000s
• Unit 4 available individually - High $300,000s
Tenancy Information
Unit 1 | 2 Bedrooms | 1 Bathroom
Current Rent: $400.00 per week
Lease: Periodic
Last Rent Increase: 20 January 2023
Current Rental Appraisal: $450.00 to $480.00 per week
Unit 2 | 2 Bedrooms | 1 Bathroom
Current Rent: $350.00 per week
Lease: Periodic
Last Rent Increase: 1 August 2025
Current Rental Appraisal: $450.00 to $480.00 per week
Unit 3 | 2 Bedrooms | 1 Bathroom
Current Rent: $350.00 per week
Lease: Periodic
Last Rent Increase: 1 August 2025
Current Rental Appraisal: $450.00 to $480.00 per week
Unit 4 | 3 Bedrooms | 1 Bathroom
Current Rent: $385.00 per week
Lease: 1 September 2023 to 1 September 2028
Council Rates: Approximately $16,000 per annum for the complex (approximately $4,000 per unit per annum).
Whether you are looking to secure a high yielding investment, expand your portfolio or acquire a rare inner city asset with immediate holding income and exceptional long term upside, opportunities of this calibre are tightly held and rarely offered to the market.
Contact Lily Staib today for further information or to arrange your inspection.
