Is this one of Townsville's most exciting new SDA projects? With exceptional projected returns, outstanding capital uplift, and immediate construction readiness, 19 Florence Street offers investors a rare chance to step straight into a premium development that ticks every box.
This cleared and fully documented site combines:
-Exceptional design quality - purpose-built SDA apartments with modern layouts, accessibility, and long-term tenant appeal
-Outstanding location - central Thuringowa position backing onto shops, with hospitals, transport, and amenities just minutes away
-Immediate opportunity - all plans, approvals, and detailed specifications are ready to lodge for BA, meaning you can commence building right away
Few SDA projects in North Queensland offer this mix of prime land, premium design, and development readiness - making it a standout for serious investors.
Key Highlights:
-Address: 19 Florence Street, Thuringowa Central
-Cleared site - ready to build immediately
-Full SDA drawings, floor plans & documentation included: civil, structural, hydraulic, electrical, specifications and inclusions list
-Estimated Build Cost: $3,000,000 - $3,500,000
-Projected End Valuation: $5,700,000 - $6,000,000
-Approved SDA Design:
-4 x 2 bed, 2 bath, 1 car apartments
-1 x Onsite Overnight Accommodation (OOA)
Income & Outgoings (Projected)
Gross Income (fully occupied): $589,964 pa
Expected Outgoings:
-Property Management (11%): $62,676 pa
-Council Rates: $4,000 pa
-Insurance: $10,000 pa
-Internet/Communications: $4,500 pa
-Maintenance & Compliance: $12,500 pa
Total Outgoings: $93,676 pa
Net Projected Income: ~$496,288
Why This Opportunity Stands Out
-SDA Approved with detailed drawings and specifications ready for Building Approval
-Construction Ready - site cleared, no delays
-Proven Demand - SDA housing in the Townsville region remains undersupplied, with participants actively seeking quality housing
-Premium Layouts - designed for functionality, compliance, and long-term tenancy security
-Strong Valuation Uplift - end value expected $5.7M-$6M
Location Advantages
This site backs onto established shops and community amenities, ensuring convenience for tenants and carers. It is centrally positioned in Thuringowa Central with immediate access to healthcare, shopping, education, and transport.
-Distances / Drive Times:
-Townsville University Hospital (Douglas): ~4 km - ~10 mins
-Willows Shopping Centre: ~2 km - ~5 mins
-Thuringowa Village Shopping Centre (Coles + specialty shops): ~1 km - ~3 mins
-Riverway Parklands & Community Facilities: ~2 km - ~5 mins
-Townsville CBD: ~12 km - ~20 mins
-Townsville Airport: ~13 km - ~20-25 mins
Summary
19 Florence Street, Thuringowa Central is one of the best SDA development opportunities in North Queensland. With the site cleared, documentation complete, and construction ready to start, this is a rare turnkey SDA project offering strong projected income, long-term security, and immediate development potential.
Contact us today for the full building pack, plans, and financials.
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