7 Falcon Street, Rowes Bay, QLD, 4810

For Sale

7 Falcon Street, Rowes Bay, QLD, 4810

$2,400,000 Negotiable

809 m²

BlockOfUnits

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26 days on the market

What's around 7 Falcon Street

Four Brand-New Coastal Residences - One Irreplaceable Investment Opportunity

There are investment properties, and then there are opportunities that simply cannot be replicated. Positioned just 180 metres from the Rowes Bay beachfront, 7 Falcon Street presents an exceptionally rare opportunity to secure an entire complex of four comprehensively rebuilt two-bedroom residences on one title. Set within one of Townsville's most tightly held coastal enclaves, this remarkable property combines an irreplaceable seaside position with brand-new interiors, strong projected rental returns and the simplicity of single-title ownership. While the original exterior building structure has been retained, virtually everything else throughout the property is brand new. The renovation was not merely cosmetic; the complex was taken back and completely reimagined, with most internal walls removed and every residence rebuilt from within to an exceptional modern standard. Behind the refreshed façade are four beautifully finished homes, each offering two generous bedrooms, a contemporary bathroom and a light-filled open-plan living, dining and kitchen area. Crisp neutral tones, hybrid timber-look flooring and considered modern finishes create an inviting coastal atmosphere, while the layouts have been designed to offer both everyday comfort and low-maintenance practicality. Each kitchen is entirely new and features streamlined cabinetry, generous preparation space, tiled splashbacks and new electric appliances. The bathrooms have been completed to an impressive standard, with floor-to-ceiling tiling, modern vanities, frameless glass shower screens and timeless fittings. Every residence includes new split-system air conditioning and ceiling fans, ensuring year-round comfort in the North Queensland climate. New sliding windows replace the former casement windows, filling the interiors with natural light and enhancing the clean, contemporary presentation. The scale of the renovation extends well beyond the visible finishes. Each unit has been completely rewired and fitted with its own new electrical sub-board, supported by a new main switchboard at the meter. Individual electric hot-water systems have also been installed, together with NBN Fibre to the Premises for fast, reliable connectivity. Safety and security have been equally prioritised, with new front and rear doors, deadlocks, compliant smoke alarms and new fencing. Upgraded stairs and landings, new front porches, new patio concrete and a new driveway complete the transformation, while the roof has been replaced within the past five years. Set across approximately 809 square metres, the property provides four covered car spaces and a separate communal laundry facility. All four residences are currently vacant, giving the incoming owner the flexibility to select new tenants, establish fresh leases and begin generating income without inheriting existing tenancy arrangements. With an estimated rental return of approximately $580 to $600 per week for each residence, the complex has the potential to generate a combined gross income of approximately $2,320 to $2,400 per week. The extensive 2026 improvements may also offer significant depreciation benefits, subject to assessment by a qualified quantity surveyor and appropriate taxation advice. Rowes Bay remains one of Townsville's most tightly held and desirable coastal communities. Loved for its peaceful atmosphere, beachfront parkland and scenic walking and cycling paths, it offers a relaxed seaside lifestyle only minutes from The Strand, Townsville CBD, Jezzine Barracks and the Pallarenda coastline. The opportunity to purchase four newly completed residences in a location of this calibre is extraordinarily rare. With the renovation finished, the residences vacant and every major detail attended to, 7 Falcon Street represents an outstanding ready-made investment in one of Townsville's most difficult-to-replicate coastal positions. Property Features Include: • Entire complex of four self-contained residences on one title • Eight bedrooms, four bathrooms and four covered car spaces • Approximately 809 square metres of land • Only 180 metres from the Rowes Bay beachfront • Original exterior building structure retained, with virtually everything else brand new • Most internal walls removed and interiors comprehensively rebuilt • Four new kitchens with new electric appliances • Four new bathrooms with floor-to-ceiling tiling • New hybrid timber-look flooring throughout • New split-system air conditioners and ceiling fans • New sliding windows throughout • Complete new electrical wiring to all residences • New individual sub-boards and main switchboard • Individual new electric hot-water systems • New front and rear doors with deadlocks • New compliant smoke alarms • NBN Fibre to the Premises • New fencing, driveway and front porch concrete • Upgraded stairs, landings and outdoor areas • Roof replaced within the past five years • Separate communal laundry facility • All four residences currently vacant • Estimated rental return of $580-$600 per week, per residence • Asking price: $2,400,000 negotiable