9 Tully Street, South Townsville, QLD 4810 | BlockOfUnits for sale | OnTheHouse
 
FOR SALE
Offers Over $975,000

9 Tully Street
South Townsville QLD 4810

Bedrooms: 5
Bathrooms: 4
Car spaces: -
Land area: 455m2
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$72,280/annum Fully Tenanted Block of 4 Units – $1,390/Week Rental Return - 7.38% Gross Yield

9 Tully Street is a rare opportunity to secure a high-performing investment in the heart of South Townsville. This block of four units, comprising a total of five bedrooms and four bathrooms, is fully tenanted and currently returning $1,390 per week - that's immediate, reliable income from day one.
Each unit is designed for comfortable, practical living with well-sized bedrooms, functional bathrooms, and easy-care layouts. Separate access points and utility areas ensure privacy for tenants, while the compact 455sqm block is simple to maintain, making it a low-hassle investment for any portfolio.
Located just minutes from the CBD, The Strand, schools, and shopping, the property benefits from consistent rental demand and a blue-chip position. For savvy investors chasing strong yields with long-term growth potential, 9 Tully Street is an opportunity not to be missed.
Unit 1 - Leased until: 16/01/2026, Current Rent: $350 per week
Unit 2 - Leased until: 30/09/2026, Current Rent: $350 per week
Unit 3 - Leased until: 23/05/2026, Current Rent: $340 per week
Unit 4 - Leased until: 25/02/2026, Current Rent: $350 per week
The owner currently pays $2,006.64 per year in insurance for the building via Suncorp.
The imagery we've utilised is for unit 1, 2 & 4 showing them vacant. The units have either the same or mirror image floor plans and the fitout is practically identical. Unit 1 has an additional room at the end by utilising a portion of what would have been a very long living space.
**Full Video walkthrough tours are available for every unit in their current condition. Unit 3 downstairs could easily be modified to have a 2 bed configuration also.**
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Property Details for 9 Tully St, South Townsville

9 Tully St, South Townsville is a 5 bedroom, 4 bathroom BlockOfUnits. The property has a land size of 455m2. The place is currently for sale with Bright Property Townsville.

Building Type
BlockOfUnits
Land Size
455m2
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About South Townsville 4810

The size of South Townsville is approximately 5.4 square kilometres. It has 7 parks covering nearly 4.0% of total area. The population of South Townsville in 2016 was 2353 people. By 2021 the population was 2424 showing a population growth of 3.0% in the area during that time. The predominant age group in South Townsville is 20-29 years. Households in South Townsville are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in South Townsville work in a professional occupation.In 2021, 48.60% of the homes in South Townsville were owner-occupied compared with 44.80% in 2016.

South Townsville has 1,810 properties. Over the last 5 years, Houses in South Townsville have seen a 90.80% increase in median value, while Units have seen a 94.93% increase. As at 30 November 2025:

  • The median value for Houses in South Townsville is $613,230 while the median value for Units is $500,212.
  • Houses have a median rent of $540 while Units have a median rent of $500.
There are currently 15 properties listed for sale, and 10 properties listed for rent in South townsville on OnTheHouse. According to Cotality's data, 112 properties were sold in the past 12 months in South townsville.

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Sean Breitkreutz
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Catherine Jeffrey
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Bright Property Townsville
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