52 Gregory Street, North Ward, Qld 4810

Combined Investment Property for Sale: 52 Gregory Street & 55 Mitchell Street, North Ward, QLD

An unmissable opportunity to acquire two prime properties in one of Townsville's most coveted coastal precincts-offering a rare blend of commercial security and residential potential.

52 Gregory Street at a Glance: 
- 506sqm allotment 
- A well-positioned, high exposure land holding in the heart of the bustling Gregory Street dining, retail and lifestyle strip. 
- Four Established commercial tenancies on ground floor, offering consistent income with strong street presence 
- Upstairs comprises 2 spacious residential apartments, Ideal for Rental or future owner-occupy use 
- Current Holding Income $115,522.08 per annum ($9,626.84 per month)
- Council Rates approximately $12,060 per half year 

55 Mitchell Street - At a Glance: 
- 496sqm corner allotment located right next door to 52 Gregory Street 
- Comprises 4 x 2-Bedroom residential Apartments, all self contained with excellent rental demand 
- High-demand rental zone 
- Current Holding Income $72,800 per annum
- Council Rates approximately $8,276 per half year 

Investment Highlights: 
- 52 Gregory Street & 55 Mitchell Street are being offered to the market as a combined package 
- Total of 10 tenancies across both properties 
- Strong existing rental returns with room for future growth and value-add improvements.
- Zoned Medium Density Residential meaning 8 stories can be achieved, subject to council approvals 
- Mixed-use zoning (commercial + residential) offers flexibility for developers, investors, or owner-operators.
- Positioned in one of Townsville's highest-profile lifestyle locations, with strong foot traffic and residential appeal.
- Combined holding income of $188,322.08 per annum 

For Sale Via Written Expression of Interest closing Friday 15th August, 2025 at 5pm.

For a comprehensive information pack and rental summaries, please contact the Exclusive Marketing Agent Adrian Raiteri on 0427 673 612 

Opportunities like this are seldom available. Secure a strategic slice of North Ward's blue-chip real estate while you can.

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, floor plans and building age). Accordingly all interested parties should make their own enquiries and obtain their own legal advice.