54/30 Palmer Street

South Townsville QLD 4810

83 m²

117 m²

Apartment

Currently for sale - view listing

Overview

Dual-Key Investment in the Heart of Palmer Street

Positioned on Level 7 within Quest Townsville, 54/30-34 Palmer Street presents a compelling dual-key investment opportunity in one of Townsville's most recognised dining and accommodation precincts. Designed with flexibility in mind, the apartment comprises two separate accommodation spaces connected by a lockable interconnecting door. The main apartment features one bedroom, bathroom, kitchenette, internal laundry and living area, while the adjoining studio offers its own bathroom, kitchenette and storage. Currently returning approximately $31,513 per annum, the property benefits from scheduled 4% annual rental increases, no property management fees and an established lease through to July 2029, with further extension options potentially extending to 2046. With Palmer Street's vibrant dining precinct at your doorstep and the Townsville CBD, Queensland Country Bank Stadium and Magnetic Island ferry terminal all within easy reach, this is an attractive investment opportunity combining established income with a highly desirable inner-city position. Property Features • Dual-key apartment positioned on Level 7 within Quest Townsville • Two separate accommodation spaces with an interconnecting door • Currently returning approximately $31,513 per annum • Scheduled 4% annual rental increases • Annual rental income increasing to approximately $34,085 from August 2028 • Current lease secured until 31 July 2029 • Further lease renewal options potentially extending through to 2046 • No property management fees • Prime Palmer Street location, moments from the CBD, dining and entertainment 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.