15-19 Victoria StreetNorth Ward QLD 4810
Property Details for 15-19 Victoria St, North Ward
Last Listing description (December 2022)
Proudly presenting to market, the opportunity to purchase this extensively renovated motel with a brand new 30-year lease with reasonable rent.
The motel has been substantially refurbished, with the most recent work carried out in the last 12 - 18 months. Quality new beds have been placed in most of the rooms, painting and soft furnishings have been upgraded in all of the rooms and combined with new management, this has seen turnover improve dramatically and is still growing.
This is an impressive motel that would suit a couple who want to live and work from home in the popular suburb of North Ward.
- Solid business with a new 30-year lease
- Pet-friendly accommodation in Townsville
- Great mix of clientele and repeat business
- Fantastic views overlooking the Strand and Magnetic Island
- Restaurant opportunity to increase Net profit
- Absolute prime location, popular North Ward in Townsville
- Spacious owner's residence above reception with fantastic views
- Easy-to-manage facilities including a pool, barbecue area and outdoor bar deck
- All rooms have been extensively renovated in 2020/21
- Property inspections are by appointment only
Property History for 15-19 Victoria St, North Ward, QLD 4810
- 18 Jan 2023Sold for $2,100,000
- 01 Dec 2022Listed for Sale $625,000
- 06 Dec 2019Listed for Sale $360,000
Recent sales nearby
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About North Ward 4810
The size of North Ward is approximately 2.4 square kilometres. There are 8 parks, covering nearly 19.0% of the total area. The population of North Ward in 2016 was 5065 people. By 2021 the population was 5073 showing a population growth of 0.2% in the area during that time. The predominant age group in North Ward is 20-29 years. Households in North Ward are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Ward work in a professional occupation.In 2021, 40.20% of the homes in North Ward were owner-occupied compared with 35.20% in 2016.
North Ward has 3,964 properties. Over the last 5 years, Houses in North Ward have seen a 38.93% increase in median value, while Units have seen a 94.42% increase. As at 30 June 2026:
- The median value for Houses in North Ward is $983,512 while the median value for Units is $584,623.
- Houses have a median rent of $585 while Units have a median rent of $490.
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