18/30-34 Palmer Street, South Townsville QLD 4810

Property Details: • Type: Apartment / Unit / Flat

• Bedrooms: 2 • Bathrooms: 2

Description: Own a prime investment in one of South Townsville's most vibrant locations. Positioned on Palmer Street, the city's well-known restaurant and riverside precinct, this apartment offers an easy, low-maintenance investment with a long-term lease already in place, providing guaranteed income from day one. This is a true set-and-forget investment, offering reliable rental returns, minimal vacancy risk, and professionally managed tenancies. Palmer Street continues to grow in popularity with professionals, health workers, defence personnel and visiting corporates, making it a highly sought-after inner-city location. With strong demand for short and long-term accommodation in the area, this property provides secure income while benefiting from Townsville's growing property market. Key Investment Benefits Guaranteed income Long-term lease options extending to 2032 Rental Income $2,433.60 Per Month Outgoings Body Corporate: Approx. $10,330 Per Annum Council Rates: Approx. $3,799.92 pa Property features -Dual-key apartment with strong income potential -One-bedroom apartment featuring bathroom, laundry, kitchenette and lounge -Separate studio apartment with bathroom, storage and kitchenette -Both sections connected by a lockable interconnecting door -Located on Level 3 with a north-east aspect capturing bay and marina views Prime Location -Positioned in the heart of the Palmer Street dining and entertainment precinct -Walking distance to the CBD -Walking distance to Queensland Country Bank Stadium -Close to quality schools -Short drive to The Strand