Savills Hotels are pleased to present the Freehold Going Concern of the Hotel Allen, located at 47-63 Eyre Street, North Ward QLD 4810, for sale via Expressions of Interest closing Friday the 24th of June 2022 at 4:00pm.
The Hotel Allen typifies what is known as true North Queensland Hotel, it has welcomed locals and tourists alike since 1946. North Ward is a coastal suburb of Townsville and has undergone significant development over many decades, making it home to some of the city's top attractions including The Strand, the waterpark, and the rockpool.
The size of North Ward is approximately 2.4 square kilometres. It has 8 parks covering nearly 19.0% of 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 3,950 properties. Over the last 5 years, Houses in North Ward have seen a 27.83% increase in median value, while Units have seen a 96.22% increase. As at 31 December 2025:
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