4/30-34 Palmer StreetSouth Townsville QLD 4810
Property Details for 4/30-34 Palmer St, South Townsville
4/30-34 Palmer St, South Townsville is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1999. The property has a land size of 117m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in July 2025. There are other 2 bedroom Unit sold in South Townsville in the last 12 months.
Last Listing description (August 2025)
Situated along Townsville's restaurant strip, this tidy dual key apartment provides the security of a generous rental return of $2044 every month thanks to the existing lease through until 2029 in the short term letting pool of the Aligned Corporate Residences. These units are regularly serviced and maintained by hotel management to ensure they kept in top shape at all times. For a reliable set and forget investment, look no further.
Welcome to 4/30-34 Palmer Street.
The One Bedroom Apartment:
- Well appointed kitchen with quality appliances
- Split system air-conditioning throughout
- Spacious balcony overlooking the pool
- Open plan design
- Spacious living area
- Modern bathroom including spa bath
- Laundry facilities included bathroom
The Studio Room:
- Spacious open plan design
- Double length built in wardrobe
- Split system air conditioners
- Modern bathroom with walk in shower
- Modest balcony overlooking the pool
The unit is furnished by the operating hotel, and all furniture maintenance and replacement is the responsibility of the hotel.
The Opportunity:
Thanks to the established lease attached to this lot, the savvy investor purchasing the property can look forward to a guaranteed gross income of $2044 per month for a generous annual yield of just under 8%! There is a commercial lease in place with yearly rental increases, with 3x5 year options to extend so you can have the confidence that your investment will continue to work for you.
The Location:
This property is situated in the middle of Townsville's bustling restaurant strip on Palmer Street. It's walking distance to restaurants, entertainment, and amenities.
- 3 Minute Drive to Queensland Country Bank Stadium
- 3 Minute Drive to Townsville's CBD
- 6 Minute Drive to The Strand
- 6 Minute Drive to The Ville Casino
Enquire today to book your inspection. Call Dylan on 0447 267 806!
Interested parties should verify the accuracy and currency of the information and make their own independent inquiries as the agent cannot attest to the correctness of the information provided. Some file photographs in use may have been taken some time ago or modifications have been conducted at the property since the photography. Please rely on your own inspection and investigations to determine if this property is suitable for your requirements and information provided is general in nature. First National Townsville bears no liability for any loss sustained due to inaccuracy or omission.
Property History for 4/30-34 Palmer St, South Townsville, QLD 4810
- 04 Aug 2025Listed for Sale $325,000
- 31 Jul 2025Sold for $310,000
- 06 Jan 2025Listed for Sale $325,000
Recent sales nearby
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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 1,811 properties. Over the last 5 years, Houses in South Townsville have seen a 87.40% increase in median value, while Units have seen a 92.97% increase. As at 31 October 2025:
- The median value for Houses in South Townsville is $603,025 while the median value for Units is $502,954.
- Houses have a median rent of $550 while Units have a median rent of $480.
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