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Back 4/30 Palmer Street
Off Market

4/30 Palmer Street

South Townsville QLD 4810

2
2
1
117 m²
117 m²
Apartment
Last sold for $310,000
Dylan WeiskeDylan Weiske, last sold this property on 15 August 2025 after 345 days on market.

Overview

Flexible and Reliable Inner-City Investment!

Situated along Townsville's restaurant strip, this tidy dual key apartment provides the security of a generous rental return of $2044 every month thanks to the existing lease through until 2029 in the short term letting pool of the Aligned Corporate Residences. These units are regularly serviced and maintained by hotel management to ensure they kept in top shape at all times. For a reliable set and forget investment, look no further. Welcome to 4/30-34 Palmer Street. The One Bedroom Apartment: - Spacious bedroom with walk in wardrobe and study nook - Well appointed kitchen with quality appliances - Split system air-conditioning throughout - Spacious balcony overlooking the pool - Open plan design - Spacious living area - Modern bathroom including spa bath - Laundry facilities included bathroom The Studio Room: - Spacious open plan design - Double length built in wardrobe - Split system air conditioners - Modern bathroom with walk in shower - Modest balcony overlooking the pool The unit is furnished by the operating hotel, and all furniture maintenance and replacement is the responsibility of the hotel. The Opportunity: Thanks to the established lease attached to this lot, the savvy investor purchasing the property can look forward to a guaranteed gross income of $2044 per month for a generous annual yield of just under 8%! There is a commercial lease in place with yearly rental increases, with 3x5 year options to extend so you can have the confidence that your investment will continue to work for you. The Location: This property is situated in the middle of Townsville's bustling restaurant strip on Palmer Street. It's walking distance to restaurants, entertainment, and amenities. - 3 Minute Drive to Queensland Country Bank Stadium - 3 Minute Drive to Townsville's CBD - 6 Minute Drive to The Strand - 6 Minute Drive to The Ville Casino Enquire today to book your inspection. Call Dylan on 0447 267 806! 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. First National Townsville bears no liability for any loss sustained due to inaccuracy or omission.

Features

2 bedrooms
2 bathrooms
1 carspace
117 m² floor area
117 m² lot size
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in South Townsville over the last 12 months, the estimated median property value of 4/30 Palmer Street is $475.5k.

Median value
$475.5k
Estimated value range
$310k - $1.06m
Median days on market
30
Estimated value trend
10%
increase over the last 12 months
Average days on market is based on recent, comparable sales in South Townsville. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 4/30 Palmer Street

2025
Sold
$310,000
Private Sale/Treaty on 15 Aug 2025 by Dylan Weiske, of About Town Real Estate

Happy sellers in South Townsville

92%
92% of sellers in South Townsville reported that their sale price either exceeded or met their price expectations.

South Townsville stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 10 reviews in South Townsville over the last 12 months.

Local market activity for 2 bedroom apartments in South Townsville

In the last 12 months, 12 two-bedroom apartments similar to 4/30 Palmer Street, have been sold.

This represents a 28% increase in two-bedroom apartments sales when compared to the previous 12 months.

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