4 X 2 BEDROOM UNITS WITH NO BODY CORP

Here is an excellent opportunity for an astute buyer that is willing to take on the opportunity. With the growing shift in the residential market in Townsville about to happen there has never been a better time to buy. Located in the vibrant and ever demanding area of North Ward and only close proximity to the iconic Rock Pool is this set of solid four Units with no body corp fees. Buy renovate, strata title and sell it individually or demolish and a build a 5 story High Apartments STCA (subject to Council Approval) the choice is yours. Only one street behind from the Strand is sure to have great views upon development.

This popular, up market area is famous for its breathtaking water views across to Magnetic Island, enjoyed whilst using the local amenities such as the Strand Rockpool, parks, picnic spots, walk ways and friendly restaurant and coffee shop scene. Residents also enjoy the convenience of easy walking distance to the North Ward and Strand shopping hub. The Jezzine Barracks is only a short walk away from the block. With the opportunity to go up to 5 Storey High STCA this could be an ideal opportunity for you!

The block is comprised of 4 brick wall two bedroom with a nice rear garden and a covered car port with back drop views of Castle Hill.
There is NO BODY CORPORATE established. While this block has been prepared to strata, it hasn’t yet been. Offering the new owner flexibility, potential, and freedom. Run the business as is, or take advantage of the lucrative short-term AIR-BNB market or holiday letting.

All the 4 units are currently tenanted with the owner living in one which has been modernised. With half-yearly rates of $5634.30, this is a rare investment opportunity.
Thanks to a new higher density re-zoning by Council, there is an opportunity to develop this site into a 5 storey high rise block (Subject to Council Approval). This is an ideal investment for an SMSF and other astute investors.

Features include:

Solidly built units, all located on the ground level
4 x 2 bedroom air conditioned units
All units are being sold and a couple are partially furnished
Each unit come with an individual covered car port
There is a cozy courtyard in the front and the rear of the block
Set on a large rectangular 1012 sq. mt block

This prime location close to the Jezzine Barracks, Rock Pool and a stroll away from the Strand. This is a fantastic investment as either short or long term rental accommodation, with the potential to reap benefits from development or strata when the time is right.