WE ARE BACK AND READY TO SELL
The owners of the property asked us to hit the pause button whilst they considered some options. We are now back and open for business. We are intending to provide access to you over the next 5 days so you can view this property in person. We have 7 videos of the property and several 360 tours.
We are Calling Renovators, Builders, and Developers - Inner-City Goldmine
Here is an exceptional investment opportunity right in the heart of Townsville City - a full complex of eight apartments offering serious potential for savvy investors, developers, or renovators.
Whether you're a builder, renovator, or developer seeking your next big project, 1-3 Fletcher Street presents a rare chance to unlock serious value in a tightly held location.
Two separate buildings, each with four apartments, set on 746 sqm inner city block, are now available.
Unmatched Location
Situated on Fletcher Street, these apartments are ideally placed to take advantage of everything Townsville has to offer:
Walking distance to the vibrant Palmer Street restaurant strip
Just moments from The Strand and Townsville's beautiful beaches
Across the road from QLD Country Bank Stadium - perfect for sports and event lovers
Walking distance to the CBD, public transport, shopping, and entertainment
This is inner-city living at its most connected, catering to a growing demand for lifestyle-focused, centrally located housing.
The Property
Comprising eight apartments, all units present varying levels of opportunity for renovation - from light cosmetic updates to full-scale makeovers. The options are versatile and compelling.
No body corporate fees currently in place
Insurance: $330 per month (for the building)
The Potential:
This is a value-add investor's dream. With some vision and renovation, these apartments can be transformed into high-yielding assets in a blue-chip location.
Rental Appraisals (Post-Renovation):
2 Bed / 1 Bath - $550 to $600/week
2 Bed / 2 Bath (reconfigured) - $600 to $650/week
Rates $9170.28 per half year
Insurance approx $300 per month
The numbers speak for themselves - strong rental yields, central positioning, and huge scope to add value.
Video tours and 360° walk-throughs available online for all apartments
One unit currently tenanted on a periodic lease, generating $200/week and is in original condition
This makes for an appealing yield scenario, especially in a location with limited comparable offerings and growing population interest.
This is your chance to acquire a full block of inner-city apartments with huge upside potential. Whether you're looking to renovate and lease, strata-title and sell, or create a long-term income stream in a top-tier location, 1-3 Fletcher Street is a rare find.
Perfect For:
Renovators looking for their next big project
Builders/developers seeking a full complex to modernise and hold or sell
Investors wanting a solid income stream with capital growth upside
Buyers looking to secure real estate in an area with consistently strong demand
Enquire now to receive full property details, video walk-through links, and arrange a private inspection.
Opportunities in this location and this size do not come often - secure your piece of Townsville's future today.
Proudly presented to the market by Simone Corrigan. Call 0409461319 to arrange a private inspection. No open homes will be conducted.
