34/30-34 Palmer StreetSouth Townsville QLD 4810
Property Details for 34/30-34 Palmer St, South Townsville
34/30-34 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 116m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in December 2010.
Last Listing description (January 2011)
Serviced Apartment - Guaranteed long term rental return
These wonderful apartments are situated overlooking the striking marina and in the heart of Townsville's restaurant district and only 300metres to the CBD.
This unique investment offers the savvy investor the opportunity to own a dual apartment at the 'Quest on Palmer' serviced apartments, with a current lease in place to 13 April, 2017 with an option to renew for a further 3x 5 year leases. Guaranteed rental return and guaranteed yearly 4% rental increase.
By 2017 yearly income will be $29,134.05.
Body Corporate fees: $3,940.06 per year
Council rates: $502.80 per 6 months
This is a worry free and very sound investment which also offers great tax depreciation benefits.
Lot 34 includes two serviced apartments:
Unit 503:
- Separate double bedroom
- Full sized self contained kitchen
- Large lounge with study area
- Luxurious bathroom with spa and laundry facility
- Good sized balcony with marina and city views
Unit 504:
- Large Queen sized studio apartment
- Lounge, kitchenette and bedroom combination
- Large modern bathroom
- Good sized balcony with marina and city views
These units have adjoining doors so units can be let as a pair for larger groups.
Full details and copy of the lease can be obtained from the agent.
Please contact the Sales Consultant to view a copy of the Sustainability Declaration for this property.
Additional feature - North Aspect; Fully Fenced; City.
Property History for 34/30-34 Palmer St, South Townsville, QLD 4810
- 01 Dec 2010Sold for $305,000
- 14 Aug 2010Listed for Sale Not Disclosed
- 16 Dec 2003Sold for $245,000
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0About South Townsville 4810
The size of South Townsville is approximately 5.4 square kilometres. It has 7 parks covering nearly 4% of total area. The population of South Townsville in 2011 was 2,137 people. By 2016 the population was 2,352 showing a population growth of 10.1% 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 $1400 - $1799 per month on mortgage repayments. In general, people in South Townsville work in a professional occupation. In 2011, 47.5% of the homes in South Townsville were owner-occupied compared with 44.8% in 2016.
South Townsville has 1,801 properties. Over the last 5 years, Houses in South Townsville have seen a 77.97% increase in median value, while Units have seen a 45.14% increase. As at 31 October 2024:
- The median value for Houses in South Townsville is $522,877 while the median value for Units is $408,887.
- Houses have a median rent of $500 while Units have a median rent of $495.
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