1 - 4/24 Hale Street, Townsville City QLD 4810

To enquire, please email or call 1300 815 051 and enter code 2232

Investment property gold in Townsville North QLD. This unique property at 24 Hale St Townsville City, is a standing unit complex of 4 x 2 bedroom, with sole use car parks for tenants and guests is perfectly located in the middle of the Townsville CBD. The property is located within walking distance of the City Mall, the QLD Country Bank Football Stadium, the Strand, the Great Barrier Reef HQ, the Magnetic Island Ferry terminal and the V8 Super cars race track. The property is also located within 5-10mins of seven schools, including the prestigious Townsville Grammar School and 15 minutes from the James Cook University. The Townsville ferry terminal is a short ten minute walk from the property for access to Magnetic Island and the Great Barrier Reef. The property has the potential to be developed into a multi-storey unit complex with unique two street access. The property is fully leased and has been for over ten years with long term tenants bringing in a total of $51,895.00 return, last financial year and currently fully tenanted at $1050/week with potential to increase. The property has the potential to turn the adjacent car port and storage structure into a two bedroom loft and run the main building as a business ie: Back Packers, Air BNB, Hostel etc. The property is also conveniently located within a 5-10 minute drive to the Townsville airport located on the other side of Castle Hill which sits directly between the property and the airport. Castle Hill is a mecca for tourists and fitness enthusiasts alike, with stunning views of Magnetic Island and the surrounding Coral Sea and Great Barrier Reef.
An astute investment property buyer will see the potential of this property and the regions growth and resilience during the COVID19 restrictions. Townsville is a business and tourism hub which is growing every year.

To enquire, please email or call 1300 815 051 and enter code 2232