54/30-34 Palmer Street, South Townsville, QLD 4810
Offers Over $399,000
2 Bed, 2 Bath, 1 Car
Dual-Key Investment in the Heart of Palmer Street
Positioned on Level 7 within Quest Townsville, 54/30–34 Palmer Street presents a compelling dual-key investment opportunity in one of Townsville's most recognised dining and accommodation precincts.
Designed with flexibility in mind, the apartment comprises two separate accommodation spaces connected by a lockable interconnecting door. The main apartment features one bedroom, bathroom, kitchenette, internal laundry and living area, while the adjoining studio offers its own bathroom, kitchenette and storage.
Currently returning approximately $31,513 per annum, the property benefits from scheduled 4% annual rental increases, no property management fees and an established lease through to July 2029, with further extension options potentially extending to 2046.
With Palmer Street's vibrant dining precinct at your doorstep and the Townsville CBD, Queensland Country Bank Stadium and Magnetic Island ferry terminal all within easy reach, this is an attractive investment opportunity combining established income with a highly desirable inner-city position.
Rates: Approx $2,500 Twice Per Year
Click here to view on Realestate.com.au
Features:
Dual-key apartment positioned on Level 7 within Quest Townsville
Two separate accommodation spaces with an interconnecting door
Currently returning approximately $31,513 per annum
Scheduled 4% annual rental increases
Annual rental income increasing to approximately $34,085 from August 2028
Current lease secured until 31 July 2029
Further lease renewal options potentially extending through to 2046
No property management fees
Prime Palmer Street location, moments from the CBD, dining and entertainment
McDonough Property Townsville has taken all reasonable care in preparing the information provided and believes it to be correct at the time of publication. However, no warranty or representation is made as to its accuracy, reliability, or completeness. McDonough Property Townsville accepts no liability for any errors, omissions, or inaccuracies contained herein. Prospective purchasers are strongly advised to conduct their own investigations and obtain independent professional advice to verify the information before making any purchasing decisions.
