13 Patrick Street

Aitkenvale QLD 4814

This is a unique opportunity to acquire a DA Approved Co-living site in Townsville which is centrally located and enjoys excellent walking proximity to all major services including:
Public transport hub
Stockland Shopping Centre
Restaurants, cafes, and entertainment.

Easy direct access by bicycle, motor vehicle and public transport to:
Mater Private Hospital
James Cook University
Townsville University Hospital
TAFE
Several primary and secondary schools
Townsville Airport
Townsville CBD/the Stadium
Townsville Port

Features:
DA-approved, architecturally designed, easy construction "build to rent" studio suites (rooming accommodation)
29 self-contained studio apartments over 2 levels including the manager's studio
Several communal areas, both indoor and outdoor, including shared laundry, kitchen, dining, office/study areas and a roof terrace
Single, double, and accessible studios
Undercover parking for 19 cars, 6 motorcycles and ample bicycle/scooter spaces
Total land area: 1,012 sqm
Estimated potential gross annual rent, once constructed, is $520,000 plus per annum with a potential gross annual return of 13% per annum.

Aitkenvale is a major commercial and residential district of the city. The suburb is home to Townsville's biggest shopping centre and is home to branches of numerous companies. Aitkenvale is referred to as the second CBD with commercial, office and retail centres as well as residential and light industrial, warehouses and workshop facilities.

Townsville is the 13th largest city in Australia, home to the largest population base in Northern Australia and the Region is home to one of the most diverse economies in Australia with a Gross Regional Product of $15.8 billion.

Please contact marketing agents Ray White Commercial Townsville to receive an information memorandum or arrange an inspection.

Cryptocurrency is accepted as a method of payment.