SOLD
Sold on 22 Mar 2024 for $15,180,000

47-63 Eyre Street
North Ward QLD 4810

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 6186m2
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Property Details for 47-63 Eyre St, North Ward

Building Type
Commercial
Land Size
6186m2
Local Government
Townsville City
Lot/Plan
343/T1181

Last Listing description (September 2023)

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 hotel's facilities include a Sports Bar (Keno & TAB), Beer Garden (also utilised as a Function Area) Bistro and Alfresco Dining Area, Gaming Room (40 EGMs), Three (3) Designated Outdoor Smoking Areas (DOSAs), Drive-Through Bottleshop (currently closed), Swimming Pool, Reception Area and Accommodation (53 Rooms).

For further information regarding the Hotel Allen, please contact one of the undersigned agents.

Property History for 47-63 Eyre St, North Ward, QLD 4810

A timeline of how this property has performed in the market
Last Sold
$15,180,000
22 Mar 2024
Listed for Rent
19 Jun 2015
  • 22 Mar 2024
    Sold for $15,180,000
  • 13 Jun 2023
    Listed for Sale EOI Closing Friday 24th of June 2022 at 4:00pm
  • 07 Jun 2022
    Listed for Sale EOI Closing Friday 24th of June 2022 at 4:00pm
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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% of total area. The population of North Ward in 2011 was 5,099 people. By 2016 the population was 5,060 showing a population decline of 0.8% 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 2011, 36.3% of the homes in North Ward were owner-occupied compared with 35.2% in 2016.

North Ward has 3,969 properties. Over the last 5 years, Houses in North Ward have seen a 28.57% increase in median value, while Units have seen a 56.04% increase. As at 30 November 2024:

  • The median value for Houses in North Ward is $758,578 while the median value for Units is $429,535.
  • Houses have a median rent of $450 while Units have a median rent of $430.
There are currently 25 properties listed for sale, and 29 properties listed for rent in North ward on OnTheHouse. According to CoreLogic's data, 246 properties were sold in the past 12 months in North ward.

Suburb Insights for North Ward 4810

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.