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54/30-34 Palmer Street, South Townsville, Qld 4810 For Sale
54/30-34 Palmer Street, South Townsville, Qld 4810 54/30-34 Palmer Street, South Townsville, Qld 4810-Image 54/30-34 Palmer Street, South Townsville, Qld 4810-Image 54/30-34 Palmer Street, South Townsville, Qld 4810-Image 54/30-34 Palmer Street, South Townsville, Qld 4810-Image 54/30-34 Palmer Street, South Townsville, Qld 4810-Image 54/30-34 Palmer Street, South Townsville, Qld 4810-Image 54/30-34 Palmer Street, South Townsville, Qld 4810-Image 54/30-34 Palmer Street, South Townsville, Qld 4810-Image 54/30-34 Palmer Street, South Townsville, Qld 4810-Image 54/30-34 Palmer Street, South Townsville, Qld 4810-Image 54/30-34 Palmer Street, South Townsville, Qld 4810-Image 54/30-34 Palmer Street, South Townsville, Qld 4810-Image 54/30-34 Palmer Street, South Townsville, Qld 4810-Image 54/30-34 Palmer Street, South Townsville, Qld 4810-Image 54/30-34 Palmer Street, South Townsville, Qld 4810-Image 54/30-34 Palmer Street, South Townsville, Qld 4810-Floorplan

54/30-34 Palmer Street, South Townsville, Qld 4810

Offers Over $399,000

Apartment
Type
2
Bedrooms
2
Bathrooms
1
Parkings
117 m²
Area

Published on Monday, October 19, 2026 ( See property details for 54/30-34 Palmer Street, South Townsville, Qld 4810)

Offers Over $399,000

Martin McDonough - Real Estate Agent - McDonough Property Townsville - TOWNSVILLE CITY
Martin McDonough Licensee / Director / Real Estate Professional
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Monique Petersen - Real Estate Agent - McDonough Property Townsville - TOWNSVILLE CITY
Monique Petersen Real Estate Professional
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  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile dual-key apartment in the heart of Townsville offering strong income potential and flexible living arrangements.

🏡 Property Highlights

  • Dual-key apartment with flexible living options
  • Established lease with potential extension to 2046
  • Currently generating approximately $31,513 annual income
  • Scheduled 4% annual rental increases
  • Prime location on Palmer Street near Townsville CBD
  • No property management fees

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Internal Laundry
  • Balcony
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)
  • Fully fenced
  • Water tank

Townsville's vibrant CBD and dining precincts offer a lively urban lifestyle with excellent amenities. The area boasts strong rental demand, proximity to major attractions like Queensland Country Bank Stadium and Magnetic Island, and a thriving local community. Its central location ensures easy access to transport, entertainment, and employment hubs, making it an ideal choice for investors and residents alike. The neighbourhood combines convenience with a dynamic lifestyle, supported by ongoing development and growth prospects.

What are the current lease terms and renewal options?
The property is leased until 31 July 2029 with scheduled 4% annual rental increases, and there are potential options to extend the lease through to 2046.
Is the property suitable for long-term investment?
Yes, with a stable lease, increasing rental income, and a prime inner-city location, this property offers strong long-term investment potential.
What amenities are nearby?
The apartment is close to Townsville CBD, Palmer Street dining precinct, Queensland Country Bank Stadium, Magnetic Island ferry terminal, and other urban amenities.
Are there any property management fees?
No, the property benefits from no property management fees, enhancing its investment appeal.
What is the condition of the apartment?
The apartment is well-maintained, with modern features suitable for comfortable living and investment purposes.
Are there any upcoming developments or planning applications in the vicinity that could affect the property's value or livability? What are the strata or body corporate fees and regulations applicable to this apartment? Are there any easements, zoning restrictions, or covenants that could impact future renovations or use? Has the property been inspected for structural issues or defects? What are the flood and bushfire risks associated with this location? Are there any planned changes to the surrounding infrastructure that could influence the property's value? Is there any history of pest or mold issues in the apartment? What are the total costs involved in maintaining the property beyond the purchase price? Are there any restrictions on lease extensions or sub-leasing? Is the property compliant with all current building and safety standards?

54/30-34 Palmer Street, South Townsville, Qld 4810 - More Details

Offers Over $399,000

Positioned on Level 7 within Quest Townsville, 54/30-34 Palmer Street presents a compelling dual-key investment opportunity in one of Townsville's most recognised dining and accommodation precincts.

Designed with flexibility in mind, the apartment comprises two separate accommodation spaces connected by a lockable interconnecting door. The main apartment features one bedroom, bathroom, kitchenette, internal laundry and living area, while the adjoining studio offers its own bathroom, kitchenette and storage.

Currently returning approximately $31,513 per annum, the property benefits from scheduled 4% annual rental increases, no property management fees and an established lease through to July 2029, with further extension options potentially extending to 2046.

With Palmer Street's vibrant dining precinct at your doorstep and the Townsville CBD, Queensland Country Bank Stadium and Magnetic Island ferry terminal all within easy reach, this is an attractive investment opportunity combining established income with a highly desirable inner-city position.

Property Features
• Dual-key apartment positioned on Level 7 within Quest Townsville
• Two separate accommodation spaces with an interconnecting door
• Currently returning approximately $31,513 per annum
• Scheduled 4% annual rental increases
• Annual rental income increasing to approximately $34,085 from August 2028
• Current lease secured until 31 July 2029
• Further lease renewal options potentially extending through to 2046
• No property management fees
• Prime Palmer Street location, moments from the CBD, dining and entertainment

McDonough Property Townsville has taken reasonable care in preparing this information but makes no warranty as to its accuracy or completeness. Prospective purchasers should conduct their own enquiries and seek independent advice before making any purchasing decisions.
Type
Apartment
Bedrooms
2
Bathrooms
2
Parkings
1
Area
117 m²
House Size
83 m²

Map & nearby places — 54/30-34 Palmer Street, South Townsville, Qld 4810

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Costs and returns

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School catchments

Government school zones this property is inside, from the outlines we hold. A zone can change, and being in a zone is not a guarantee of a place, so check with the school or the education department.

Other schools nearby

Schools within about 5 km that have no enrolment zone, such as Catholic, independent, special and selective schools.

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