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44/5 Kingsway Place

Townsville City QLD 4810

2
2
1
86 m²
95 m²
Unit
Currently for sale - view listing

Overview

An Exceptional Inner-City Investment. Secure Returns. Effortless Ownership.

Positioned on the top floor and capturing expansive views, this beautifully appointed, fully furnished apartment presents an outstanding investment opportunity in the heart of Townsville's vibrant CBD. Combining stylish interiors, quality finishes and an unbeatable inner-city location, the property delivers contemporary, low-maintenance living with the added advantage of an established and secure income stream. Currently under hotel management, the property benefits from a secured lease agreement returning $2,600 per month, with annual CPI increases, for the next three years. Fully furnished and offering immediate rental income, this is an exceptional opportunity for investors seeking a straightforward, low-maintenance addition to their portfolio. Set and forget, enjoy the returns and take advantage of everything this prime inner-city investment has to offer. A secure income stream. A prime city address. An investment that simply makes sense. Offering the perfect combination of location, lifestyle and long-term investment appeal, this fully furnished apartment presents an opportunity to secure a quality inner-city asset with established returns already in place. The Property • Prestigious top-floor position capturing expansive views • Fully furnished and beautifully appointed throughout • Light-filled interiors with spacious open-plan living and dining • Seamless connection to a private balcony with covered alfresco entertaining • Contemporary kitchen featuring stone benchtops, dishwasher and excellent storage • Stylish bathroom with quality fixtures and finishes • Built-in wardrobes, ducted air conditioning and discreet internal laundry • Currently under hotel management with an established lease agreement • Secured rental income of $2,600 per month, plus annual CPI increases, for the next three years • Outstanding set-and-forget investment opportunity with minimal day-to-day involvement The Location • Gym, cafés and specialty stores conveniently located within the complex • On-site cinema and dining options, including Hog's Breath Café • Walking distance to Flinders Street, Palmer Street and City Lane dining precincts • Moments from Queensland Country Bank Stadium • Easy access to Castle Hill, parklands and vibrant inner-city attractions • Close to The Strand, Jezzine Barracks and public transport McDonough Property Townsville has taken reasonable care in preparing this information but makes no warranty as to its accuracy or completeness. Prospective purchasers should conduct their own enquiries and seek independent advice before making any purchasing decisions.

Features

2 bedrooms
2 bathrooms
1 carspace
1 garage space
86 m² floor area
95 m² lot size
Unit

Property history for 44/5 Kingsway Place

2020
Sold
$290,000
12 Oct 2020 by Matt O'Hanlon, of Keyes & Co Property

Happy sellers in Townsville City

90%
90% of sellers in Townsville City reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 4 reviews in Townsville City over the last 12 months.

Local market activity for 2 bedroom units in Townsville City

In the last 12 months, 25 two-bedroom units similar to 44/5 Kingsway Place, have been sold.

This represents a 4% increase in two-bedroom units sales when compared to the previous 12 months.

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