For Sale

4 Palmerston Street, Pimlico, Qld 4812-Image

4 Palmerston Street, Pimlico, Qld 4812

$1,200,000

Block Of Units

Type

Bedrooms

Bathrooms

Parkings

809 m²

Area

Published on Monday, May 11, 2026 ( See property details for 4 Palmerston Street, Pimlico, Qld 4812)

$1,200,000

Gavin Micola - Real Estate Agent - Northern Realty Pty Ltd - WEST END

Gavin Micola Licensee / Sales Agent

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AI Property Insight

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

A well-maintained, low-maintenance complex of four 2-bedroom units in a prime central Pimlico location offering strong rental returns and long-term growth potential.

🏡 Property Highlights

Centrally located in highly sought-after Pimlico with excellent access to amenities
Well-maintained complex of 4 low set units with strong rental income
Solid block construction ensuring long-term durability
Previously upgraded roof reducing future maintenance costs
Low-maintenance design ideal for investors seeking set-and-forget income
Each unit offers 2 bedrooms, 1 bathroom, and dedicated carport

✨ Key Features

Complex of 4 low set units
All units feature 2 bedrooms and 1 bathroom
Each unit includes a dedicated single carport
Solid block construction for long-term durability
Previously upgraded roof
Functional open plan living and dining layouts
Low maintenance design throughout
Positioned on a centrally located allotment in Pimlico
Open-Plan Living
Waterfront / Views

Suburb and Property Insights of Pimlico, QLD 4812

Pimlico is a highly desirable suburb in Townsville, offering excellent access to major amenities, educational institutions, and transport links. Its central location ensures strong rental demand and long-term growth potential. Residents enjoy proximity to shopping centres, parks, and medical facilities, making it an ideal area for tenants and investors alike. The suburb's well-established infrastructure and vibrant community atmosphere contribute to its appeal. Pimlico's strategic position near Townsville CBD and major arterial roads makes it a prime choice for those seeking convenience and investment stability.

Frequently Asked Questions

What is the current rental income and potential for future growth?

The property currently returns approximately $71,760 per annum, with strong demand in the area supporting potential rental growth.

Are there any recent upgrades or renovations to the units?

Yes, the complex features a previously upgraded roof, which helps reduce future maintenance costs.

What are the ongoing costs associated with the property?

Ongoing costs include rates of $8,172 per half year, which also cover water charges, along with maintenance and management fees if applicable.

Is the property suitable for long-term investment?

Absolutely, the property offers multiple income streams, durable construction, and a central location with high rental demand, making it an excellent long-term investment.

What amenities and facilities are nearby?

The property is close to Townsville University Hospital, James Cook University, Townsville CBD, Castletown Shopping Centre, schools, parks, and public transport.

What to ask about this property to agent?

Are there any zoning restrictions or easements affecting the property? Have there been any recent or upcoming planning or development activities in the area? Are there any known defects or issues with the units or the building structure? 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 additional costs or levies not included in the rates? What is the condition of the plumbing, electrical systems, and roof? Are there any restrictions on future modifications or renovations? Is the property compliant with all local building codes and regulations? Are there any planned infrastructure projects nearby that could impact the property?

4 Palmerston Street, Pimlico, Qld 4812 - More Details

$1,200,000

Inspect Today! Positioned in the heart of highly sought after Pimlico, this well maintained complex of 4 low set units offers an exceptional investment opportunity with strong returns and low maintenance appeal. Constructed from durable block construction and featuring a previously upgraded roof, this is the ideal set-and-forget investment in a prime central location.

Each unit offers a practical and functional layout with 2 bedrooms, 1 bathroom, open-plan living spaces, and dedicated car accommodation. Conveniently located close to major amenities, schools, shopping centres, medical facilities, and the Townsville CBD, this property presents an outstanding opportunity for investors seeking immediate income and long-term growth potential.

Property Features Include:

- Complex of 4 low set units
- All units feature 2 bedrooms and 1 bathroom
- Each unit includes a dedicated single carport
- Solid block construction for long-term durability
- Previously upgraded roof
- Functional open plan living and dining layouts
- Low maintenance design throughout
- Ideal investment opportunity with multiple income streams
- Positioned on a centrally located allotment in Pimlico

The Lifestyle Appeal:
Centrally located for the Townsville University Hospital, James Cook University, the Townsville CBD and the retail and dining options of Castletown Shopping Centre, this property sits in a highly desirable location for Tenants. Residents will also enjoy easy access to schools, public transport, parks and major arterial roads, ensuring ongoing rental demand and convenience.

For the Investor:
- Returning approximately $71,760 per annum
- Rates: $8,172.00 per half year including an allocation of water
- Low-maintenance block construction
- Strong rental demand location
- Multiple income streams across 4 units
- Previously upgraded roof reducing future maintenance concerns
- Excellent long term investment potential in central Townsville location

If you are looking for further information on this complex, or to view, contact Gavin Micola today on 0407 159 314.

Type: Block Of Units
Bedrooms: 8
Bathrooms: 4
Parkings: 4
Area: 809 m²

Map & nearby places — 4 Palmerston Street, Pimlico, Qld 4812

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$1,200,000

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