26 Clayton Street, Hermit Park, Qld 4812

$1.5 Million

Block Of Units
Type
10
Bedrooms
5
Bathrooms
5
Parkings
810 m²
Area

Published on Tuesday, September 15, 2026 ( See property details for 26 Clayton Street, Hermit Park, Qld 4812)

$1.5 Million

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

A rare, low-maintenance masonry unit complex in Hermit Park offering strong rental income, future growth potential, and no body corporate fees.

🏡 Property Highlights

  • Rare five-unit masonry complex with no body corporate fees
  • Excellent rental demand with potential for rental growth
  • Prime inner city location close to amenities and CBD
  • Low maintenance investment with recent upgrades
  • Strong rental income with upside potential
  • Secure income stream on one title with no ongoing body corporate costs

✨ Key Features

  • Five solid masonry units
  • 810m² allotment
  • One title
  • One rates notice
  • No body corporate fees
  • Individual undercover car accommodation
  • Security screens to doors and windows
  • Air conditioning throughout
  • Open plan tiled living and dining area
  • Modern kitchens with upgraded appliances

Hermit Park is a highly sought-after inner city suburb in Townsville, known for its convenient location close to schools, shopping centres, public transport, and the CBD. The area offers excellent rental demand, a vibrant community atmosphere, and strong growth prospects, making it ideal for investors and residents alike. Its proximity to major amenities and transport links ensures high tenant appeal and long-term value appreciation.

What is the current rental income and potential for future rent increases?
The property currently generates a gross rental income of $1,800 per week, with potential to increase each unit's rent to approximately $400 per week, offering strong future income growth.
Are there any ongoing body corporate fees or additional costs?
No, this complex is on one title with one rates notice and no body corporate fees, making it a low-cost investment option.
What recent upgrades have been made to the units?
All kitchens have been recently replaced, and Units 1 and 4 feature fully renovated bathrooms, with Units 2, 3, and 5 also upgraded.
Is the property suitable for self-managed super fund (SMSF) investment?
Yes, this property presents an excellent opportunity for SMSF investors seeking a quality income-producing asset with immediate returns and growth potential.
What are the key advantages of owning this complex?
Advantages include strong rental demand, no ongoing body corporate costs, recent upgrades, secure income, and a prime inner city location.
Are there any zoning restrictions or easements affecting the property? What are the current and projected maintenance costs for the complex? Are there any planned developments or construction nearby that could impact the property? Has the property been assessed for flood or bushfire risks? Are there any outstanding council or compliance issues related to the units? What are the terms of the current leases, and are there any upcoming lease expirations? Is there any history of pest or structural issues in the complex? Are there any restrictions on future renovations or modifications? What are the total ongoing costs, including insurance and council rates? Are there any existing or pending disputes related to the property or its title?

26 Clayton Street, Hermit Park, Qld 4812 - More Details

$1.5 Million

One title, one rates notice and NO BODY CORPORATE FEES – a rare opportunity for the astute investor.

Solid masonry unit complexes are always in demand, and opportunities like this are becoming increasingly difficult to find in Hermit Park. This well maintained complex of five masonry built units offers investors a secure income stream, excellent rental demand and future growth potential, all while enjoying the simplicity of owning five units on one title without the ongoing costs associated with body corporate fees.

At the asking price, this equates to $300,000 per unit – an exceptional opportunity to secure five solid masonry units in one of Townsville's most sought after inner city suburbs. Finding individual two bedroom units in Hermit Park at this equivalent price point is becoming increasingly difficult, making this a compelling investment opportunity.

Located in the highly sought after inner city suburb of Hermit Park, this property is within walking distance to schools, shops and public transport, and just minutes from the Townsville CBD, Mater Hospital, Castletown Shopping Centre and the V8 Supercars precinct. With convenience at your doorstep, it is easy to see why tenants love this location.

The property has benefited from previous upgrades, including the replacement of all kitchens completed a few years ago. As shown in the photos, Units 1 and 4 feature fully renovated bathrooms, while Units 2, 3 and 5 have also received bathroom upgrades.

Each Unit Features:
• Two generous bedrooms with built in robes
• Open plan tiled living and dining area
• Modern kitchens with upgraded appliances
• One bathroom
• Air conditioning throughout
• Security screens to doors and windows
• Dedicated undercover carport

Strong Rental Income with Future Upside

Several of the current rents are below today's market value, providing an excellent opportunity to further increase your return over time. Based on current market conditions, each unit has the potential to achieve approximately $400 per week.

With a current gross rental income of $1,800 per week, low holding costs, no body corporate fees and an equivalent purchase price of approximately $300,000 per unit, this property represents outstanding value for investors seeking both immediate cash flow and long term growth potential.

Current Rental Details:
Unit 1
• $360 per week
• Lease: 16/10/2025 – 19/10/2026
• Last rent increase: 16/10/2025
New lease has been signed 22/10/2026 - 25/10/2027 at $360 pw/ rent increase to $400p/w 03/12/2026
Unit 2
• $360 per week
• Lease: 17/02/2026 – 17/08/2026
• Last rent increase: 17/02/2026
Unit 3
• $400 per week
• Lease: 17/07/2026 – 17/07/2027
• Last rent increase: 24/11/2023
Unit 4
• $1,600.83 per month
• Lease: 01/07/2026 – 30/06/2027
• Last rent increase: 22/05/2024
Unit 5
• $330 per week
• Lease: 02/02/2026 – 08/02/2027
• Last rent increase: 18/08/2025

Property Features:
• Five solid masonry units
• 810m² allotment
• One title
• One rates notice
• No body corporate fees
• One insurance policy
• Low maintenance investment
• Individual undercover car accommodation
• Strong rental history
• Excellent tenant appeal
• High demand inner city location

This property also presents an excellent opportunity for investors, including those considering a Self Managed Super Fund (SMSF) purchase, to secure a quality income producing asset. With immediate rental returns, low ongoing holding costs and the potential for future rental growth, this is an investment opportunity worth considering. Purchasers should seek independent financial and taxation advice regarding their individual circumstances.

Rarely do five unit complexes of this quality become available in Hermit Park. Whether you are looking to expand your portfolio or secure a quality long term investment, this property offers the location, income and potential that savvy investors look for.

You know that old saying –"You snooze, you lose"

Call Doreen Charity on 0414 691 666 to arrange your inspection.
Disclaimer: We have, in preparing this information, used our best endeavours to ensure that the information contained herein is true and accurate. However, we accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
Type
Block Of Units
Bedrooms
10
Bathrooms
5
Parkings
5
Area
810 m²

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