76 Eyre Street

North Ward QLD 4810

90 m²

1012 m²

Block of units

Currently for sale - view listing

Overview

Position, Potential & Proven Performance

An exceptional opportunity awaits to secure a fully renovated block of four two-bedroom units positioned on a substantial 1,012sqm parcel in one of Townsville's most tightly held seaside suburbs. Combining strong cash flow of approximately $120,000 gross per annum with significant long-term land value, this versatile investment offers the ideal balance of immediate returns and future development potential (STCA). Currently configured with a blend of two permanent rental units and two fully furnished short-term accommodation units, the property provides multiple income streams and flexibility for investors seeking to maximise returns. Having recently undergone a comprehensive renovation, all the hard work has already been completed. This is a genuine turnkey investment ready to generate income from day one. Positioned just moments from The Strand, beaches, cafés, restaurants and North Ward's vibrant lifestyle precinct, the property continues to enjoy strong demand from both long-term tenants and holiday accommodation guests. Each residence is filled with natural light and showcases timeless character features including soaring ceilings, polished timber floors, and a breezy coastal aesthetic that perfectly complements the location. The upper-level units share a mirrored floorplan, as do the lower-level residences. Based on current rental appraisals, the property offers an estimated gross annual income of approximately $84,240 if fully permanently leased, with potential returns of up to $126,000 per annum under the current mixed-use accommodation model. Need To Knows Unit 1 – Currently operating as short-term accommodation. Earnings available to review. Unit 2 – Leased at $460 per week | 12 month lease thru til October 2026. Unit 3 – Currently operating as short-term accommodation. Earnings able to review. Unit 4 – Leased at $470 per week | 12 Month lease thru til May 2027. Council Rates (including water allocation): $8,326.65 per half year. Building Insurance: $4,065.33 per annum. Whether you're looking to secure a positively geared investment, diversify your portfolio with a proven income-producing asset, or land bank a prime North Ward site for future redevelopment, opportunities of this calibre are increasingly rare. Invest today, enjoy the income tomorrow, and hold one of North Ward's most compelling development prospects for the future. For further information or to arrange an inspection, contact Luke Need on 0432 773 223 or Kya Faust on 0432 486 900.