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.
Need To Knows |
Unit 1 – Leased $650 per week through to March 2027
Unit 2 – Leased at $475 per week | 12 month lease thru til October 2027.
Unit 3 – Currently operating as short-term accommodation. Earnings able to review. Long term lease appraisal is $700 per week.
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
* Disclaimer - 7.25% gross rental return is indicative only and is calculated using the advertised price guide and estimated rental income assuming all units are permanently tenanted at the stated rental estimates. Rental estimates and resulting returns are not guaranteed and may vary. Buyers should undertake their own due diligence and seek independent financial advice.
