Mixed class investment property with development potential

Ray White Commercial Townsville is pleased to offer 261-265 Boundary Street & 1 Nelson Street, South Townsville to the market.

The opportunity exists to secure these two separate lots in an 'as-is' condition with current holding income for future renovation or development.

261-265 Boundary St, South Townsville

• Land size: 1,267m2
• 4 x commercial tenancies, producing gross income of $51,314 pa
• Tenants include Higgo's Bait & Tackle, Tom's Mini Mart, Hair Salon & Office
• 2 x 2 bedroom, 2 x 1 bedroom flats (currently vacant requiring refurbishment)

1 Nelson Street, South Townsville

• Residential original two bedroom high-set home on a separate lot of 1,012m2
• Subject to a lease expiring 22/07/2026 at $15,600 pa
• Concrete yard to rear
• Small shed

Owner's preference is to sell both lots combined.

Contact the team at Ray White Commmercial Townsville for more information.

** measurements are approximate

Explore the area

View in Google Maps

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.