×
You have no items in your shopping cart.
55 Mitchell Street, North Ward, Qld 4810 For Sale
55 Mitchell Street, North Ward, Qld 4810 55 Mitchell Street, North Ward, Qld 4810-Image 55 Mitchell Street, North Ward, Qld 4810-Image 55 Mitchell Street, North Ward, Qld 4810-Image 55 Mitchell Street, North Ward, Qld 4810-Image 55 Mitchell Street, North Ward, Qld 4810-Image 55 Mitchell Street, North Ward, Qld 4810-Image 55 Mitchell Street, North Ward, Qld 4810-Image 55 Mitchell Street, North Ward, Qld 4810-Floorplan

55 Mitchell Street, North Ward, Qld 4810

$1,199,000

Block Of Units
Type
8
Bedrooms
4
Bathrooms
496 m²
Area

Published on Wednesday, August 19, 2026 ( See property details for 55 Mitchell Street, North Ward, Qld 4810)

$1,199,000

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

Secure a prime North Ward investment with four leased units offering immediate income and future development potential.

🏡 Property Highlights

  • Fully leased block of four self-contained units with immediate income stream
  • Prime North Ward location close to The Strand, CBD, and Castle Hill
  • Consistent rental income of $1,720 per week with long-term tenants
  • Externally repainted in the last 12 months, offering low maintenance
  • Corner allotment of 496sqm providing versatile development options
  • Four separate income streams in a highly sought-after inner-city suburb

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • External repaint in last 12 months
  • Corner allotment
  • Multiple income streams
  • Close to amenities
  • Secure investment opportunity
  • Established tenants
  • Spacious units
  • Prime inner-city location

North Ward is a highly desirable inner-city suburb renowned for its vibrant lifestyle, proximity to The Strand and CBD, scenic views from Castle Hill, excellent schools, and a variety of cafes and restaurants. Its strong community feel and consistent demand make it an ideal location for investors and residents alike.

What is the current rental income and lease expiry dates for each unit?
Each of the four units is leased at $430 per week, with lease expiry dates ranging from December 2026 to March 2027.
Are there any development or renovation restrictions on the property?
The property is situated on a corner allotment with potential for development, but interested buyers should verify local council zoning and planning regulations.
What are the ongoing costs associated with owning this property?
Ongoing costs include council rates approximately $8,276 per half year, and maintenance costs related to the units and external repainting.
Is there potential for future rental increases or capital growth?
Given the sought-after location and current lease agreements, there is potential for rental increases and capital appreciation over time.
What amenities and services are available nearby?
The property is conveniently located near The Strand, Townsville CBD, Castle Hill, schools, cafes, restaurants, and other essential amenities.
Are there any existing easements, zoning restrictions, or planning overlays affecting the property? Have any recent or upcoming developments in the area been disclosed that could impact the property’s value or livability? Are there any known issues with the units, such as structural defects or pest infestations? What are the strata or body corporate arrangements, if applicable? Are there any additional costs or fees not disclosed, such as special levies or maintenance charges? Is the property compliant with all local building codes and regulations? Are there any restrictions on future development or subdivision of the property? What is the history of the property regarding previous repairs or renovations? Are there any flood or bushfire risks associated with the property location? Is there any planned infrastructure or construction activity nearby that could affect the property’s value or enjoyment?

55 Mitchell Street, North Ward, Qld 4810 - More Details

$1,199,000

Opportunities to secure an entire block of units in North Ward don't come along every day - particularly one offering four established tenancies and an immediate income stream from day one.

Positioned on a 496sqm allotment, 55 Mitchell Street comprises four self-contained two-bedroom, one-bathroom units, with two positioned upstairs and two downstairs. All four units are currently leased, creating a combined rental return of $1,720 per week and making this a compelling proposition for investors looking to secure a multi-income asset in one of Townsville's most consistently sought-after inner-city locations.

North Ward continues to hold strong appeal thanks to its proximity to The Strand, Townsville CBD, Castle Hill, schools, cafes, restaurants and everyday amenities. With four separate income streams under the one holding, this is an opportunity that deserves serious consideration.

Lease Details at a Glance:
Unit 1: $430 per week – leased until 15 March 2027
Unit 2: $430 per week – leased until 1 February 2027
Unit 3: $430 per week – leased until 15 February 2027
Unit 4: $430 per week – leased until 14 December 2026

Property at a Glance:
- Entire block of 4 x two-bedroom, one-bathroom units
- 2 spacious units upstairs and 2 spacious units bottom level
- Positioned on a 496sqm corner allotment
- Externally repainted in the last 12 months
- Highly sought-after North Ward location
- Convenient access to The Strand, CBD, Castle Hill and surrounding amenities
- Weekly gross rental yield of $1,720
- Annual gross rental yield of $89,440
- Council Rates approximately $8,276 per half year

Whether you're looking to expand an existing portfolio or secure a substantial multi-unit holding in a blue-chip Townsville location, 55 Mitchell Street presents an increasingly hard-to-find investment opportunity with income already in place.

Contact Adrian Raiteri today for further information or to discuss this outstanding North Ward investment opportunity.

Disclaimer: While all care has been taken to ensure the information provided herein is correct, we do not take responsibility for any inaccuracies, and we accept no liability for any errors or exclusions (including but not limited to a property's land size). Accordingly, all interested parties should make their own enquiries and obtain their own legal advice.
Type
Block Of Units
Bedrooms
8
Bathrooms
4
Area
496 m²

Map & nearby places — 55 Mitchell Street, North Ward, Qld 4810

Login to experience 55 Mitchell Street, North Ward, Qld 4810 in 3D

Sign in to unlock the photorealistic 3D Immersive View of this property — fly over the home and its street, and see exactly what's around it before you book an inspection.

  • Photorealistic 3D aerial & street-level flyover
  • Nearby schools, parks, shopping, transport, health & dining
  • Walking & driving routes with live travel time from the front door
  • Orbit-home, street & suburb camera presets
  • Satellite & hybrid map views, full-screen mode
  • Free for every Real Search member — no cost to explore
Login to view 3D Immersive View New to Real Search? Create a free account

Email Enquiry To Harcourts Kingsberry - Townsville

  • Personal Information Collection Statement
    This form is only to be used for sending genuine email enquiries to the Agent. Real Search Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Explore More About North Ward

Real Search makes searching for your new home easy with properties for sale in North Ward and properties for rent in North Ward. Are you looking for specific type of property? Real Search has units for sale in North Ward and houses for sale in North Ward. Real Search also provides 1 bedroom block of units for sale in North Ward, 2 bedroom block of units for sale in North Ward & 3 bedroom block of units for sale in North Ward. Find best real estate agents in North Ward. You can also check real estate agencies in North Ward. Research the property market of North Ward with a property report and suburb profile report on Real Search.

  • Disclaimer
    Our service utilises AI search capabilities based on publicly available indexed data for non-commercial purposes and testing phase. The above information is an excerpt from publicly available data and may be subject to errors or changes. RealSearch.com.au makes no representations or warranties regarding the accuracy of this data. Please consult the Agency/Agents directly for the most up-to-date information.