OFF MARKET

39/30-34 Palmer Street
South Townsville QLD 4810

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 82m2
Land area: 116m2
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Property Details for 39/30-34 Palmer St, South Townsville

39/30-34 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 July 2018.

Building Type
Unit
Year Built
1999
Floor Size
82m2
Land Size
116m2
Local Government
Townsville City
Lot/Plan
39/SP122692

Last Listing description (September 2018)

Fully refurbished at a cost of almost $40,000 in 2015, this spacious apartment features new carpets & paint, new kitchen joinery , appliances and full upgrade to both bathrooms.
Located on level 5 with views on the harbour, a dual key configuration featuring 2 bedrooms, 2 bathrooms, and car park on title.

Securely leased to Quest, with rents paid regardless of occupancy.

Current Rent: $659 per week ($34,269 p/a)
Increasing 1st Aug 2018: $685 per week ($35,639 p/a)
Current Return: 8.35% Gross/ 6.61% Net
Lease Terms: Lease to 31/07/2019 with 4 x 5 Year options..
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2019)

**Please note: Images & floor plan are of LOT 35- an identical lot **

Centrally located Quest Townsville is in the heart of the city's dining precinct and offers an array of award winning cafes, restaurants and convention facilities as well as easy access to Magnetic Island.
Townsville is the major business hub in Northern Queensland and home to the Lavarach Army Base, one of the major defence installations in Australia which supports jobs and local infrastructure.

Approximate Owner Outgoings:
Council and Water Rates: $2946 p/a
Body Corporate Administration fee: $2350 p/a
Body Corporate Sinking fund : $1870 p/a

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Property History for 39/30-34 Palmer St, South Townsville, QLD 4810

A timeline of how this property has performed in the market
Last Sold
$400,000
26 Jul 2018
  • 26 Jul 2018
    Sold for $400,000
  • 04 Jun 2018
    Listed for Sale SOLD - $400,000
  • 25 Mar 2003
    Sold for $225,000

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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% 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 1,794 properties. Over the last 5 years, Houses in South Townsville have seen a 77.45% increase in median value, while Units have seen a 43.74% increase. As at 30 September 2024:

  • The median value for Houses in South Townsville is $514,651 while the median value for Units is $396,002.
  • Houses have a median rent of $480 while Units have a median rent of $490.
There are currently 14 properties listed for sale, and 9 properties listed for rent in South townsville on OnTheHouse. According to CoreLogic's data, 106 properties were sold in the past 12 months in South townsville.

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