1 Fletcher Street, Townsville City, Qld 4810

Calling Renovators, Builders, and Developers - Inner-City Goldmine

Here is an exceptional investment opportunity right in the heart of Townsville City - a full complex of eight apartments offering serious potential for savvy investors, developers, or renovators.  

Whether you're a builder, renovator, or developer seeking your next big project, 1-3 Fletcher Street presents a rare chance to unlock serious value in a tightly held location.

Two separate buildings, each with four apartments, set on 746 sqm inner city block, are now available.

Unmatched Location
Situated on Fletcher Street, these apartments are ideally placed to take advantage of everything Townsville has to offer:

Walking distance to the vibrant Palmer Street restaurant strip

Just moments from The Strand and Townsville's beautiful beaches

Across the road from QLD Country Bank Stadium - perfect for sports and event lovers

Walking distance to the CBD, public transport, shopping, and entertainment

This is inner-city living at its most connected, catering to a growing demand for lifestyle-focused, centrally located housing.

The Property
Comprising eight apartments, all units present varying levels of opportunity for renovation - from light cosmetic updates to full-scale makeovers. The options are versatile and compelling.

No body corporate fees currently in place

Insurance: $330 per month (for the building)

The Potential:
This is a value-add investor's dream. With some vision and renovation, these apartments can be transformed into high-yielding assets in a blue-chip location.

Rental Appraisals (Post-Renovation):

2 Bed / 1 Bath - $550 to $600/week

2 Bed / 2 Bath (reconfigured) - $600 to $650/week

Rates $9170.28 per half year

Insurance approx $300 per month

The numbers speak for themselves - strong rental yields, central positioning, and huge scope to add value.

Video tours and 360° walk-throughs available online for all apartments

One unit currently tenanted on a periodic lease, generating $200/week and is in original condition

This makes for an appealing yield scenario, especially in a location with limited comparable offerings and growing population interest.

This is your chance to acquire a full block of inner-city apartments with huge upside potential. Whether you're looking to renovate and lease, strata-title and sell, or create a long-term income stream in a top-tier location, 1-3 Fletcher Street is a rare find.

Perfect For:
Renovators looking for their next big project

Builders/developers seeking a full complex to modernise and hold or sell

Investors wanting a solid income stream with capital growth upside

Buyers looking to secure real estate in an area with consistently strong demand

Enquire now to receive full property details, video walk-through links, and arrange a private inspection. 
Opportunities in this location and this size do not come often - secure your piece of Townsville's future today.

Proudly presented to the market by Simone Corrigan. Call 0409461319 to arrange a private inspection.  No open homes will be conducted.