111 - 121 Railway Avenue, RAILWAY ESTATE QLD 4810
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- 20 Dec 2016
Waterfront Development Land - Railway Estate, TOWNSVILLE
This is an exceptional development opportunity for an astute investor, looking for a large unique land bank which is in close proximity to the city. This block of land offers an impressive Ross River frontage along with a panoramic view of Mount Stuart.
As Townsville population continues to grow, our backyards continue to diminish in size and there is a paradigm shift in inner city or city peripheral living. South Townsville is a popular suburb with magnificent mix of traditional Queenslanders and a recent growth in Unit dwelling. The discerning buyer will recognise the opportunity to make this a great investment of these 33,699 square metres of premium waterfront land that boasts future development approval for a multi-level complex with up to 104 luxury residential units. There are plans & approval for 98 X 3 bedroom units and 6 X 2 bedroom units in a two stage village style project are available upon request.
Why Invest in Townsville?
The Townsville Local Government Area grew to 180,000, with an annual growth rate of 2.2%, well above state and national averages and is projected to rise to 219,000 by 2016 and 256,000 by 2026. Currently there is a total investment of $3.848 billion in new residential developments approved and awaiting construction, while $14.195 billion in projects are pending decision.
Townsville has in recent decades transformed itself into one of the best rated lifestyle centres in Australia. Townsville is the regional hub for northern Queensland with road and rail links North-South and West. This block is not far from the Port of Townsville, which is currently on the National news, with $5.2 billion exports, 750 vessels activity, 7,900 jobs per year and 400 people movements per day.
Call Girish Menon on 0414 985 243 or Glenn Adair on 0411 213 880 for any additional information.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
111 - 121 Railway Avenue RAILWAY...