42 Gregory Street, North Ward, Qld 4810

Fully renovated units and perfect for short term and holiday rentals. All under one title so no seperate Body Corporate fees.

Units 1 & 2 are currently long term rentals until January 2025. 

Property Details

Unit 1: 1 bedroom, 1 bathroom (downstairs)
Unit 2: 1 bedroom, 1 bathroom (downstairs)
Unit 3: 3 bedrooms, 2 bathrooms (upstairs)

Property Overview

Rarely does such a prime property become available in Townsville's coveted 'Golden Suburb'. Situated on a generous 749 sqm block, this unit complex presents an exceptional investment opportunity with great capital growth potential.

Rental Potential

Currently, the three completely renovated units yield a combined rental income of $1,340 per week as long-term rentals, equating to a 6.3% yield. Moreover, there's considerable potential to increase earnings through holiday lets.

Location Highlights

Conveniently located just two blocks from the iconic The Strand and a mere 50 meters from Queens Gardens, this property enjoys proximity to essential amenities such as Coles supermarket and a bustling shopping center. North Ward offers a sought-after beachside lifestyle while being within easy reach of the city, airport, and the Sealink ferry to Magnetic Island.

Development Opportunities

While currently comprising three units, there's ample space for future development, including additional parking facilities and potentially more units within the existing block. Additionally, the property holds the potential for a future premium unit block development to three storeys, making it an enticing prospect for investors looking to capitalize on this prime location.

Investment Potential

Situated in an area poised for significant capital growth, this property presents a lucrative investment opportunity that's not to be missed. 

Rates & Insurances

Rates & Insurances: Approximately $15,000 per annum.
Body Corporate: No body corporates as the property is all on one title.
Don't miss out on this golden opportunity to secure a prime investment in Townsville's most sought-after location.

Contact us today to arrange a viewing and seize the potential of this remarkable property. 

Or to make an offer click:

https://buy.realtair.com/properties/137325

Dean Hobson: 0467 778 483
Josie Howard: 0475 703 643