4/30-34 Palmer Street, South Townsville, QLD 4810

Situated along Townsville's restaurant strip, this tidy dual key apartment provides the security of a generous rental return of $2044 every month thanks to the existing lease through until 2029 in the short term letting pool of the Aligned Corporate Residences. These units are regularly serviced and maintained by hotel management to ensure they kept in top shape at all times. For a reliable set and forget investment, look no further.

Welcome to 4/30-34 Palmer Street.

The One Bedroom Apartment:

- Spacious bedroom with walk in wardrobe and study nook

- Well appointed kitchen with quality appliances

- Split system air-conditioning throughout

- Spacious balcony overlooking the pool

- Open plan design

- Spacious living area

- Modern bathroom including spa bath

- Laundry facilities included bathroom

The Studio Room:

- Spacious open plan design

- Double length built in wardrobe

- Split system air conditioners

- Modern bathroom with walk in shower

- Modest balcony overlooking the pool

The unit is furnished by the operating hotel, and all furniture maintenance and replacement is the responsibility of the hotel.

The Opportunity:

Thanks to the established lease attached to this lot, the savvy investor purchasing the property can look forward to a guaranteed gross income of $2044 per month for a generous annual yield of just under 8%! There is a commercial lease in place with yearly rental increases, with 3x5 year options to extend so you can have the confidence that your investment will continue to work for you.

The Location:

This property is situated in the middle of Townsville's bustling restaurant strip on Palmer Street. It's walking distance to restaurants, entertainment, and amenities.

- 3 Minute Drive to Queensland Country Bank Stadium

- 3 Minute Drive to Townsville's CBD

- 6 Minute Drive to The Strand

- 6 Minute Drive to The Ville Casino

Enquire today to book your inspection. Call Dylan on 0447 267 806!

Interested parties should verify the accuracy and currency of the information and make their own independent inquiries as the agent cannot attest to the correctness of the information provided. Some file photographs in use may have been taken some time ago or modifications have been conducted at the property since the photography. Please rely on your own inspection and investigations to determine if this property is suitable for your requirements and information provided is general in nature. First National Townsville bears no liability for any loss sustained due to inaccuracy or omission.