One outstanding and tangible feature of this property is its prime position opposite one of Townsville’s leading hospitals. It is positioned 5 minutes from the Townsville CBD and close to arterial roads. Similarly, it is well positioned to shops,schools,childcare,major conveniences and public transport. The immediate district surrounding 5 Oxford St is poised to develop commercially with medical suites and health specialists and this property,in particular,has both the scope and zoning privileges to take advantage of the medical expansions in the vicinity.
It is approximately a quarter acre. As a corner block with two entrances, it is ideal for a business or investment owner to secure a quality corner position and maximize its position of being situated directly across from the Mater Hospital(formerly the Park Haven Hospital). The location is important as is the capacity for parking and easy access. The options for potential expansion are also positive. It is also well-placed as an investment into either a townhouse development for short-term accommodation or linked to associated health services as a group of offices and consultant suites. As the hospital moves towards increasing its oncology and renal units at this facility, the traffic will continue to flow.
The townhouse development option would cater to short-term and out-of town families requiring accommodation. Research
is showing that this trend is by no means abating and families are finding it difficult to secure suitable accommodation with relative proximity to treatment sites. Astute investors would be able to seize this prime location and have a ready clientele of renters.
Professionals in the health industry continue to develop compatible and complimentary prospects within the neighbourhood. Many suburbs in Townsville are being renovated into business and service districts and this property is at the forefront of similar expansion. Converting the house into offices and suites reflects the demand for land close to current amenities and creates a hub of similarly-focused businesses. It is a mutually compatible solution to bringing essential services to Townsville residents.
5 Oxford St offers a sound business opportunity that would appeal to health professionals and related industries in creating a district of mutually compatible businesses and services. Both the location and time are ideal for the house and/or land development to proceed. It is a viable commercial venture.