Raine & Horne Townsville, in proud partnership with Steve Leaumont & Scarlett Stinton, are pleased to present 21 Railway Avenue, Railway Estate to the market.
Offering a unique combination of two existing residences, established rental income and a substantial 1,004m² allotment, this property presents an opportunity for investors seeking multiple income streams in a highly convenient inner-city location.
Currently configured as two separate units, the property offers a combined rental income of $665 per week, with both tenancies approaching renewal. This provides investors with an existing income stream and the opportunity to review rental arrangements as the current agreements come to an end.
Unit 1 comprises three bedrooms and one bathroom and is currently rented at $340 per week, while Unit 2 offers two bedrooms and one bathroom, returning $325 per week. Each residence features its own kitchen, living area and bedrooms, providing separate accommodation within the one property.
Traditional character features, including high ceilings and polished timber flooring, add to the appeal, while the practical dual-residence configuration offers flexibility for investors looking to maximise the potential of a substantial landholding.
Set on a generous 1,004m² allotment, the property also provides plenty of outdoor space surrounding the existing residences, adding another layer of appeal for buyers seeking land, flexibility and long-term potential.
Property Features You'll Love:
Generous 1,004m² allotment
Two existing residences on one property
Unit 1: Three bedrooms, one bathroom
Unit 1 currently rented at $340 per week
Unit 2: Two bedrooms, one bathroom
Unit 2 currently rented at $325 per week
Combined rental income of $665 per week
Both tenancies approaching renewal
Separate kitchens and living areas
High ceilings and polished timber flooring
Generous outdoor space
Established Railway Estate location
Dual-income investment opportunity
Convenient Inner-City Location
Positioned in the established suburb of Railway Estate, the property enjoys excellent proximity to Townsville's CBD, with shops, cafes, restaurants, employment hubs and everyday amenities all within easy reach.
The Strand and its popular beachfront precinct are also nearby, along with Queensland Country Bank Stadium, offering convenient access to major sporting events, concerts and entertainment. Local schools, public transport and other essential amenities further enhance the property's location.
With two existing residences, a combined rental income of $665 per week and a substantial 1,004m² allotment, 21 Railway Avenue presents an appealing opportunity for investors looking to secure a dual-income property in a convenient Townsville location.
Contact Steve Leaumont or Scarlett Stinton at Raine & Horne Townsville today to arrange your inspection.
Disclaimer: All parties should conduct their own enquiries to verify the accuracy of the information provided. Photographs are for illustrative purposes only. Any reference to rental income or rental increases should be independently verified. Raine & Horne Townsville (S&S Properties Pty Ltd) accepts no responsibility for any loss incurred as a result of any inaccuracy or omission.
