52 Albury Street PIMLICO

1,012m2 DA Approved for 5 x 2 bedroom units

52 Albury Street PIMLICO

MAKE NO MISTAKE THE CURRENT DEVELOPERS HAVE MADE THE DIFFICULT DECISION TO SELL THIS SIGNIFICANT HOLDING IN PIMLCO!

DESIGNED FOR A SET 5×2 BEDROOM 1 BATH UNITS, SIGNIFICANTLY INCREASING RENTAL YIELDS!

This prime development site is within walking distance to the Mater hospital, and will not last long.

This rare opportunity comes with a DA approved for a unit complex. Development incentives have been approved, which waive the $47,000 of Townsville City Council infrastructure charges in full. Once completed 5 new units made of two-bedroom units will be very appealing for future tenants who are looking for long-term leases or short-term stays for family members who are visiting from out of town with the convenient location being so close to the Mater Private hospital and Qld TAFE college

Summary of Features:

• DA approved for 5x 2 bedroom units
• 1,012m2 of medium-density zoning
• Complete construction and engineering plans are available to the Buyer upon settlement.
• vacancy rates at less than 1% in Townsville
• Prime location for public transport
• 200m^ walking distance to Mater hospital
• 400m^ to TAFE Queensland
• 1.7km^ to Castletown shopping centre
• 2.6km^ to Townsville CBD

Inspection Times: