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116 Eyre Street, North Ward, Qld 4810 For Sale
116 Eyre Street, North Ward, Qld 4810 116 Eyre Street, North Ward, Qld 4810-Image 116 Eyre Street, North Ward, Qld 4810-Image 116 Eyre Street, North Ward, Qld 4810-Image 116 Eyre Street, North Ward, Qld 4810-Image 116 Eyre Street, North Ward, Qld 4810-Image 116 Eyre Street, North Ward, Qld 4810-Image 116 Eyre Street, North Ward, Qld 4810-Image 116 Eyre Street, North Ward, Qld 4810-Image 116 Eyre Street, North Ward, Qld 4810-Image 116 Eyre Street, North Ward, Qld 4810-Image 116 Eyre Street, North Ward, Qld 4810-Image 116 Eyre Street, North Ward, Qld 4810-Image 116 Eyre Street, North Ward, Qld 4810-Image 116 Eyre Street, North Ward, Qld 4810-Image 116 Eyre Street, North Ward, Qld 4810-Image 116 Eyre Street, North Ward, Qld 4810-Image 116 Eyre Street, North Ward, Qld 4810-Image 116 Eyre Street, North Ward, Qld 4810-Image 116 Eyre Street, North Ward, Qld 4810-Floorplan

116 Eyre Street, North Ward, Qld 4810

$1,700,000.00

Block Of Units
Type
8
Bedrooms
4
Bathrooms
4
Parkings
1,012 m²
Area

Published on Thursday, March 12, 2026 ( See property details for 116 Eyre Street, North Ward, Qld 4810)

$1,700,000.00

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A well-maintained, multi-unit property in North Ward offering excellent rental income and development potential just minutes from The Strand and waterfront attractions.

🏡 Property Highlights

  • Prime North Ward location just 5 minutes walk to The Strand and waterfront amenities
  • Four spacious 2-bedroom units with high rental income potential
  • Gross return of 6.6% at current market rates
  • Large 1,012 sqm block with potential for additional accommodation (STCA)
  • Well-maintained property with polished hardwood floors, air conditioning, and security screens
  • Strong rental demand in a high-occupancy lifestyle suburb

✨ Key Features

  • Air Conditioning
  • Security Screens / Gates
  • Open-Plan Living
  • Built-in Robes
  • Outdoor Area
  • Ensuite
  • Home Office / Study
  • Ceiling Fans
  • Waterfront / Views
  • Open-Plan Living

North Ward is a vibrant, highly sought-after suburb in Townsville renowned for its lively waterfront lifestyle, excellent amenities, and strong rental demand. Residents enjoy easy access to The Strand, parks, cafes, and entertainment venues, making it ideal for both investors and lifestyle buyers. The area boasts high occupancy rates and consistent rental growth, supported by ongoing regional development projects. Its close proximity to beaches and recreational facilities offers a relaxed coastal lifestyle with urban convenience.

What is the current rental income and potential for rent increases?
The current rental income from the four units totals $2,620 per week, with unfurnished units appraised at $420-$450 per week and furnished units at $650 per week. There is potential for rent increases based on market demand.
Are there any development restrictions or zoning considerations for adding more accommodation?
The property is on a 1,012 sqm block with potential for additional accommodation subject to council approval (STCA). It is advisable to consult local planning regulations for specific development guidelines.
What are the ongoing costs associated with the property?
Ongoing costs typically include council rates, maintenance, insurance, and property management fees. Exact figures should be confirmed with the current owner or property manager.
Is the property compliant with all safety and building regulations?
The property is maintained in excellent condition with security screens and fans, but a detailed compliance check should be conducted prior to purchase.
Are there any upcoming developments or infrastructure projects planned nearby?
Yes, North Ward is part of a regional city with a $40 billion pipeline of planned projects, which may positively impact property values and rental demand.
Are there any existing easements, covenants, or zoning restrictions that could affect future development or use of the property? Have there been any recent or past issues with pests, structural defects, or water ingress? Are there any planned construction or infrastructure projects in the vicinity that could cause noise or disruption? What are the strata or body corporate fees and regulations, if applicable? Is there any history of flooding or bushfire risk in the area? Are there any hidden costs associated with the property, such as unpaid rates or levies? Has the property been inspected for asbestos or other hazardous materials? Are there any restrictions on short-term rentals or Airbnb use in this area? What is the history of rental occupancy and tenant turnover? Are there any upcoming changes to local planning policies that could impact the property's value or use?

116 Eyre Street, North Ward, Qld 4810 - More Details

$1,700,000.00

Type
Block Of Units
Bedrooms
8
Bathrooms
4
Parkings
4
Area
1,012 m²

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