This twin key apartment offers two bedrooms, 2 bathrooms, and separate twin balconies, it can be offered as a 1 bedroom 1 bathroom with full ensuite complete with lounge-dining room, full kitchen equipped with modern appliances, and an optional interconnecting lockable separate 1 bedroom, 1 bathroom studio apartment with kitchenette and dining-lounge area. Each apartment is air conditioned has their own private balcony overlooking the resort style pool and spa as well as the marina, yacht club and the harbour with views to Magnetic Island

The apartments are located in an unbelievable position in the hub of the Palmer Street’s thriving and energetic entertainment, food and tourist area of Townsville, in close proximity the Country Bank Stadium, the Magnetic Island Sea Link Ferry Wharf and barge terminals. The Ville Casino, Convention Centre, The Strand, Rockpool and Beach are mere minutes away.

This property does not allow the option to live in one and rent the other as the existing lease is in the short term letting pool of The Grande Apartments and Aligned Corporate Residences. There is a guaranteed 4% per annum rental increase with further 3 x 5 year options in place, commencing in July 2024. Currently, the gross return of $2,343 per month gives a return on investment (ROI) of approximately 8.65%.

Approximate Yearly Outgoings:-
Admin Fund $2,712.60
Sinking Fund $2,290.20
Insurance Levy $4,139.50
Rates $2,900.00

This outstanding property at Unit 15, 30-34 Palmer Street, South Townsville is proudly offered for sale by Exclusive Agent, TERRY SHELLY and NQ REALTY
DISCLAIMER The information provided herein has been provided by the vendors or third parties. We do not accept any responsibility to any person for its accuracy. Potential purchasers are advised to conduct independent due diligence to ensure its accuracy. Potential investors are encouraged to seek advice from their Legal, Financial and other advisers to determine if this investment is suitable for their specific needs.