80 Mitchell StreetNorth Ward QLD 4810
Property Details for 80 Mitchell St, North Ward
Last Listing description (September 2023)
Strong Holding income
Motel runs at an average of 80% occupancy
Consistent repeat clientele from Corporate / Government / Industry & Tourism travellers
Land area: Regular Shaped 1,012m* with future redevelopment potential (STCA)
Highly sought-after seaside suburb location of North Ward
One street back from Townsville's waterfront (The Strand)
Close to dining and shopping precincts with great amenities nearby
The room configuration is made up of the following accommodation styles:
- 2 Deluxe Studio Rooms (Large)
- 2 x Studio Rooms
- 1 x 1 Bedroom (Separate Bedroom)
- 2 Motel Rooms
- There is also a 3 Bed, 1.5 Bathroom 'managers residence' on site that can also be let to produce income
5 of the 7 units have cooking facilities as does the manager's residence
Immaculately maintained property & grounds
Modern fit-out (recently refurbished in Aug 2020)
Caters for both short-term and long-term letting
Recognized brand name - "Motel on Mitchell"
The current owners have operated the property for 17 years
Current owner/operator would be willing to assist with the transition
For further information or to arrange an inspection, please contact Aaron Power at Colliers or Troy Townsend at Ray White Commercial.
*Approx
^Outlines / markups indicative only
Property History for 80 Mitchell St, North Ward, QLD 4810
- 29 Aug 2023Sold for $1,690,000
- 13 Feb 2023Listed for Sale $1,700,000
- 07 Feb 2020Listed for Sale Indicative price $3,000,000
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About North Ward 4810
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 3,948 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:
- The median value for Houses in North Ward is $873,654 while the median value for Units is $551,118.
- Houses have a median rent of $500 while Units have a median rent of $460.
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